NAVIGATION

May 26, 2017

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

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R/V W.T. Hogarth Christening Ceremony
R/V W.T. Hogarth Christening Ceremony

With the crack of two bottles of champagne and the blessing from a local priest, Florida’s newest research vessel, the R/V W.T. Hogarth, was christened and launched for the first-time this week. The W.T. Hogarth will be used by the University of South Florida as well as more than two dozen institutions across the state.

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