Experts will discuss opportunities in mortgage market at TRD’s SoFla roundtable

Miami /
Sep.September 17, 2013 02:19 PM

Florida is the number one place for all-cash buys in the nation, and more than two-thirds of all sales in the Miami market are all-cash.

But the role of mortgages may soon grow in South Florida, playing a part in more deals — and brokers can benefit.

The Real Deal will explore a host of home financing topics with a top-flight roundtable next month in South Florida.

“Show Me the Money: Navigating South Florida’s Residential Mortgage Market” will be Oct. 3 at Miami’s Jungle Island, at 1111 Parrot Jungle Trail. The event, sponsored by Midtown Miami Residences and City National Bank, kicks off at 6 p.m. with a networking session; the hour-long panel discussion gets under way at 6:40 p.m.

Six experts in both real estate and finance are ready to take brokers through the often-complex process of finding funds for deals. Experts say there may be more opportunities for “traditional” mortgage-dependent buyers down the road, as rising prices have big investors scaling back. And the supply of homes in South Florida is also set to rise due to new construction — further creating more opportunities.

The panel will also delve into other topics including “upselling,” the pressure on applicants to take a higher-interest rate mortgage; changes coming down the pike from D.C. lawmakers than could affect the mortgage market; and more.

Slated to speak are Jay Parker, CEO of Douglas Elliman Real Estate’s operations in Florida; Ken Johnson, a professor at the Tibor & Sheila Hollo School of Real Estate at Florida International University; Cyndi Barros, a senior loan officer at Prospect Mortgage; Isabella Lacambra, a senior vice president and mortgage production manager at Gibraltar Private Bank & Trust; James Campanella, residential mortgage manager at City National Bank; and George Fraguio, director of end-loan financing for Fortune International.

The evening is free, but space is limited. To reserve a seat, reply to
[email protected]


Related Articles

arrow_forward_ios
Jorge Perez and Jon Paul Perez with a rendering of Solemar (Related)
Related scores $91M construction loan for luxury condo tower in Pompano Beach
Related scores $91M construction loan for luxury condo tower in Pompano Beach
Michael Lawler, Howard Lorber and Jay Parker (Getty)
Douglas Elliman expands to Naples, brings on top Sotheby’s agent Michael Lawler
Douglas Elliman expands to Naples, brings on top Sotheby’s agent Michael Lawler
Palazzo Della Luna and the interior of the unit (Palazzo Della Luna, Fiorenza)
Aviation parts prez picks up second Fisher Island condo
Aviation parts prez picks up second Fisher Island condo
Samantha Curry and Holly Parker (Getty, Parker)
Top Douglas Elliman NY team expands to South Florida
Top Douglas Elliman NY team expands to South Florida
Here’s what Mast Capital plans for La Costa’s evacuated, oceanfront Miami Beach site
Here’s what Mast Capital plans for La Costa’s evacuated, oceanfront Miami Beach site
Here’s what Mast Capital plans for La Costa’s evacuated, oceanfront Miami Beach site
La Costa condo building and Mast Capital Princial Camilo Miguel Jr (Mast, Douglas Elliman)
Oceanfront Miami Beach condo ordered evacuated following bulk buyout deal
Oceanfront Miami Beach condo ordered evacuated following bulk buyout deal
Miami has seen a constant stream of sales over the past several months (Getty)
Skyrocketing Q2 resi sales leave little inventory in South Florida: Elliman
Skyrocketing Q2 resi sales leave little inventory in South Florida: Elliman
Elizabeth “Bess” Weatherman and the Gulf Stream condos (Compass, Warburg Pincus)
Staying in Gulf Stream: Buyer downsizes to $6M oceanfront condo
Staying in Gulf Stream: Buyer downsizes to $6M oceanfront condo
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...