South Florida Business Journal reports on the current financing environment for commercial real estate projects in South Florida. CPLG Managing Attorney Liam Krahe spoke about how high construction costs and interest rates are forcing some developers to put their development sites on the market since they can no longer proceed with their original plans. Projects that seemed feasible a year ago are no longer viable due to vanishing margins.
“It would be impossible to pay back investors at those numbers,” Liam said.
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