WATCH: Panelists discuss SoFla development opportunities, condo financing at Broward showcase

Miami /
Apr.April 27, 2017 02:01 PM

Scoring financing these days can be a tricky feat for condo developers. At The Real Deal’s third annual Broward Real Estate Showcase and Forum, the industry’s top brass discussed how South Florida builders are getting condo projects off the ground, despite a tough lending environment.

“The real estate market has its ebbs and flows, and when things go down a little bit, the market gets tighter and money gets tighter,” Jimmy Tate, a partner at Tate Capital, said during the event’s first panel. “My advice to those looking for financing is just make sure your underwriting is proper, your assumptions are realistic and they’re not pie in the sky, and be prepared to have a little more equity into the deal.”

Tate was joined by Louise Sunshine, FCER’s Jerome Hollo and KAR Properties’ Shahab Karmely for the panel, which was moderated by TRD managing web editor Hiten Samtani. The discussion touched on the myriad challenges South Florida’s developers now face, including growing inventory and moving product in cooling market.

To watch the panel in full, check out the above video.

For more videos, visit The Real Deal’s YouTube page.


Related Articles

arrow_forward_ios
Photo courtesy of David Iglesias

Boca Beach House condo project scores $43M construction loan

Boca Beach House condo project scores $43M construction loan
Tom Cabrerizo and 6790-6880 Southwest 80th Street (Google Maps)

Developers score $15M construction loan for Miami townhouse development

Developers score $15M construction loan for Miami townhouse development
Richard Swerdlow and Bruce Goldstein 

Betting on distress: Bulk condo website launches, aimed at investors

Betting on distress: Bulk condo website launches, aimed at investors
Michael Wohl and a rendering of the project

Coral Rock lands construction loan on Hialeah project

Coral Rock lands construction loan on Hialeah project
Nick Pérez and Solemar (Courtesy of Related)

Related Group launches sales of first SoFla condo project since 2016

Related Group launches sales of first SoFla condo project since 2016
Alan Ojeda and 8894 NW 44 Street in Sunrise (Google Maps)

Rilea Group scores $46M construction loan for Sunrise apartments

Rilea Group scores $46M construction loan for Sunrise apartments
From left: Henry Torres, Jorge Perez, Alicia Cervera Lamadrid, Gil Dezer and Joseph Kavana (iStock)

“Anything and everything is negotiable”: Incentives for condo buyers mount in Miami

“Anything and everything is negotiable”: Incentives for condo buyers mount in Miami
David Martin, Jorge Perez, and One Park Grove (Credit: Robin Hill)

Terra and Related pay off $112M construction loan for Park Grove condo tower

Terra and Related pay off $112M construction loan for Park Grove condo tower
arrow_forward_ios

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

Loading...