Header graphic for print
New Miami Blog Insights and Commentary on the Gateway City's Expanding Global Significance

Jeffrey I. Snyder

Posts by Jeffrey I. Snyder

Caveat Venditor: Is Your Buyer Laundering Money?

The Rise of the Cash Market We have previously dedicated several posts to the emerging trend among South Florida developers of financing new condominium projects by requiring purchasers to deposit 70-80% of a unit’s purchase price up front. Although the 70-80% deposit approach may seem off-putting, or at least unorthodox to domestic buyers, the large initial… Continue Reading

New Condo Financing Approach Attractive to Developers

Much has been said about the ever diminishing supply of condominium inventory and the reluctance of banks to lend to construct new condominium projects since the market collapse. As previously discussed, several determined developers, including The Related Group, NewGard Development Group, and Terra Group, are relying upon buyer deposits of 70-80% of a unit’s purchase… Continue Reading