Private equity bets on the South Florida housing market are filling a need for hundreds of millions of dollars in construction financing that's otherwise not being provided by banks.
August 18, 2014 at 08:00 PM
1 minute read
Large private equity bets on the South Florida housing market are filling a need for hundreds of millions of dollars in construction financing that’s otherwise not being provided by banks, several real estate lending experts told the Daily Business Review.
A rush of money from New York financiers is good news for developers of South Florida megaprojects as even lesser-experienced players are finding a lending environment.
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