It could be a game changing kind of loan – the $160 million bank financing of the ultra-luxury, 79-unit Mansions at Acqualina.What it could mean is that banks have the same kind of confidence in the market that developers have had for more than a year. It could also be a signal that the door to speculative condo development is opening, making it possible for an accelerated rate of development at a higher volume than South Florida has seen in the current cycle.So far, the condo market has targeted…
Read More... [Source: Residential Real Estate News - Residential Real Estate News Headlines | Bizjournals.com]
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