MIAMI—The Related Group, among others, are tapping into the Latin American market with a financing model they are comfortable with: making large deposits up front on new condo construction. But could it backfire on everybody involved?
We caught up with attorney Andrew C. Hall, founding partner of law firm Hall Lamb and Hall, to get his thoughts on the topic. Click here to read part one of this exclusive interview, in which Hall discusses the degree to which buyer-financed construction is playing a role in the condo development comeback and related issues.
GlobeSt.com: Can you expand upon the benefits of this form of financing? Is it purely a developer-driven model or are there benefits for buyers as well?
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