Fed Decision Countdown, Real Estate Risks, and Striking a Deal 7/26/23
The Exchange
00:00
The Fed's Increases in Interest Rates Have Sidelined Developers
In other times, would you have gone to a regional bank or a local lender for that loan? Or would you have always gone to private credit? No, we would have had a more robust competitive environment. The pricing difference isn't as extreme as people would look at it. But what's happening is in places like South Florida and other new development markets, the cost of capital along with other factors like insurance, for example, and labor cost,. It's making projects infeasible.
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