NAVIGATION

February 25, 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

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

Enterprise Florida
Enterprise Florida

Enterprise Florida, Inc. (EFI) is a public-private partnership between Florida’s business and government leaders and is the principal economic development organization for the state of Florida. EFI’s mission is to expand and diversify the state’s economy through job creation. 

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

Should Florida legislators allow more gambling (i.e. slot machines) into more counties?

  • No
  • Maybe - depends on revenue state might get
  • Yes

See Results

Ballot Box
Subscribe