Credit: pressmaster/Adobe Stock South Florida Banks Pull Back on CRE Loans. How Will Borrowers Get Funding?
"We're seeing a lot of assets not trading," said Brett Forman of Forman Capital. "A lot of assets that want to go vertical with construction are not being able to get nearly the kind of construction advancing that was available a year or two ago."
February 10, 2023 at 01:52 PM
4 minute read
Commercial Real Estate
Some banks are putting commercial real estate loans on pause due to higher interest and cap rates. That decision has left many property owners scrambling to come up with additional funds to secure funding or refinance their existing loans.
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