Private credit takes center stage in South Florida real estate

by Lidia Dinkova

Developer Asi Cymbal was looking for a real estate loan at a bad time.   After finishing a 341-unit apartment complex in Miami Gardens in the spring of 2024, he needed to pay off its $102.5 million construction debt and bolster the project’s cash reserves. But with the impending presidential election, elevated interest rates and […]This article originally appeared on The Real Deal. Click here to read the full story.

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