MIAMI—Despite memories of the bust, the current real estate cycle has seen some of the largest condo construction loans ever inked in South Florida. Just a year ago, lenders were hesitant to lend large sums to condo developers. Nevertheless, it's not always easy to secure a condo loan.
GlobeSt.com caught up with Luis Flores, an attorney in Arnstein & Lehr's Miami office and is the chair of the firm's Florida Commercial Practice Group, to get his thoughts on how the lending environment is changing in part one of this exclusive interview. Flores focuses his practice in the areas of real estate, banking and transactional law.
GlobeSt.com: What are some of the construction loans you have been involved with in recent times?
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