“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
Florida Bureau Chief
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.
According to Suzanne-Amaducci Adams, head of Bilzin Sumberg’s real estate practice group, when it comes to the office market, lenders are concerned about clients’ finances and creditworthiness.
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