Some deals are falling through because the cost of borrowing is making some projects economically unfeasible.
October 19, 2022 at 02:29 PM
4 minute read
Florida Bureau Chief
As interest rates continue to skyrocket, that’s putting pressure on sellers of commercial real estate properties.
Some sellers have reduced asking prices as potential buyers are walking away from deals under contract because of rising interest rates, according to board-certified real estate attorney Louis Archambault of Saul Ewing Arnstein & Lehr in Miami.
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