SoFla’s largest construction loans
The majority of big loans for this cycle may have already closed, sources say
April 13, 2016 12:00PMBy Katherine Kallergis
The Miami Design District scored the largest construction loan last year, to the tune of $600 million.
From the April issue: Amid an oversupply of new condominiums and an abundance of cranes scattered across Miami’s skyline, big banks are becoming more selective about which projects they will provide construction financing for, while some developers are choosing alternative lenders in the absence of traditional financing.
Still, there is plenty of capital for the right project. The Real Deal looked at the biggest construction loans in South Florida from January 2015 to February 2016, as documented in public records. The 10 largest were all in Miami-Dade County. [more]
Source: The Real Deal