“People are having to get creative in order to get deals across the finish line,” Jaime Sturgis, CEO of South Florida-based real estate brokerage Native Realty, said. “A lot of people are really looking for bridge options, where they can get through the next 12 to 18 months.”
July 25, 2023 at 05:59 PM
5 minute read
Inflation, supply chain issues and Florida’s insurance crisis are all creating some signs of distress, even in South Florida’s hot real estate market.
High interest rates in particular are making debt financing for real estate projects tricky to navigate, prompting people in the industry to seek financing tools beyond traditional banking. But there are other red flags.
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