October, 5 2013

Miami, FL: More than two-thirds of all sales in the Miami market are all-cash, and Florida is the number one state for all-cash buys in the nation
A panel of real estate professionals joined at an event, which drew more than 125 people to the Treetop Ballroom at Jungle Island, to explore a rise in traditional financing for South Florida deals. “We are seeing a little bit less all-cash now,” said George Fraguio, director of end-loan financing for Fortune International, who leads the finance program for Fortune’s Midtown Miami development. Read complete story here: Source: The Real Deal. 10/4/13
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