The Real Deal Miami

Buying opportunities blossoming

October 20, 2008 10:21AM

Panelists at the RealShare Central Florida Conference say there’s plenty of distressed real estate for aggressive buyers, but say high leverage for commercial properties is likely a thing of the past. John Tomlinson, senior vice president of Wells Fargo & Co., says 70 percent financing is going to be considered a sweet deal now, as lenders require much higher equity stakes in a tight credit market.