NAVIGATION

December 3, 2016

CEO Sounding Board

Florida CEOs answer: Is credit available from lenders?

Mike Vogel | 10/4/2011

Apartment Development
Joel Altman
Chairman - Altman Cos. - Boca Raton

Joel Altman
[Photo: Jeffrey Burnell]

"If it's for apartments. There's a greater availability today than there was 12 to 18 months ago. For the right property and the right sponsor, there is money available at the right leverage factor. Where we used to leverage it at 80% loan-to-cost or loan-to-value, today it's probably 60% to 70%. I've never seen the rental apartment business with the metrics as good as they are. I think the banks recognize that."

Tags: Trendsetters, Banking & Finance

Digital Access

DIRECT DIGITAL ACCESS
Add digital to your current subscription, purchase a single digital issue, or start a new subscription to Florida Trend.

TABLE OF CONTENTS
An overview of the features and articles in this month's issue of Florida Trend.

ACCESS THIS ISSUE »

Florida Business News

Florida Trend Video Pick

Over 2 Million Containers, 2,000 Routes
Over 2 Million Containers, 2,000 Routes

See how GE Transportation and the Industrial Internet power CSX Transportation's intermodal business, delivering over 2 million containers across 2,000 routes every year.

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

With crude facing its largest weekly rally since '09, are you worried about gas prices this holiday season?

  • Not at all!
  • Maybe... a bit...
  • Yes! The Grinch is nigh!

See Results

Ballot Box
Subscribe