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Miami Condo Loan Marks Milestone: A group of...

Posted Feb 27 2013

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Miami Condo Loan Marks Milestone

Miami Condo Loan Marks Milestone

A group of lenders has agreed to make the first major construction loan for a condominium project in the Miami area since the crash, marking a milestone in the recovery of real-state financing market for condos. Loans to build condo towers were common during the boom years, but the downturn left Florida with an enormous glut of inventory and financing for new development evaporated.

http://on.wsj.com/13SZZwS

Comment on this post

K
Kerry Katona Payday Loans
06/03/2013 16:37
With a pre-construction condo purchase, there is a gap between the time you buy and when you’re able to take occupancy. A lot can change in that time frame, including the conditions of your mortgage affordability.
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F
Fast Cash Loan
05/03/2013 16:00
With the raise in standard of living the concept and mindset have also being changed. Well what matter is the source of capital for construction loan, it might be your savings or else some of your valuable assets or you can say CCS Loan.
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