Some seven years after the dramatic South Florida real estate crash of 2007, lenders have begun to open the financing spigot for proposed condo towers east of Interstate 95 in the tricounty region of Miami-Dade, Broward and Palm Beach.In the past 20 months, lenders have provided nearly $900 million in financing to condo developers — excluding the massive Brickell CityCentre mixed-use project that includes a trio of condo towers — who are proposing more than 150 new projects in South Florida.This condo financing figure is addition to the untold number of loans currently being provided to developers of rental apartments in South Florida.
via Lenders provide nearly $900 million in financing for new South Florida condo projects.