MIAMI—Foreign buyers still abound in the South Florida market—but not all of them have the cash down ratio many developers require. While that could slow the market, new niches are forming in the lending market instead.
GlobeSt.com sat down with Jim Fried, president of Sandstone Realty Advisors in Miami, to discuss the role of private lending in today's real estate market in part two of this exclusive interview. You can still read part one: What Conventional Lenders Can't Do Today.
GlobeSt.com: Many condo buyers from Latin America paid 50 percent deposits for units that are now more expensive due to the strengthening of the dollar. Is there financing available for those international buyers who may struggle to find the money to close on their condo purchases? If so, what are usually the loan terms?
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