Commercial lenders are banking on the repeal of Dodd-Frank to improve the increasingly tight lending atmosphere in South Florida.
A prime example is Privé at Island Estates, a luxury condo project under construction in Aventura. The project has been embroiled in litigation with neighboring homeowners, one of the factors making it difficult for the developers.
South Florida seems like the topic of interest for many commercial lenders. “There is plenty of liquidity in the market for most projects, though borrowers may find it slightly more expensive and will need to bring a little more equity than in the last couple years,” said Steven Fischler, founder and principal of New Gables Capital.
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