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Where is real estate development headed in 2023...

Ken McElroy Show

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What's the Contingency on Multifamily Loans?

The bank will hold your money in an interest reserve. They do the same thing on multifamily. So if there's an 18-month bill, they might have you house another six months of interest. And it's basically a hedge for them. But as you and I have both experienced, we kind of ran through our contingency. Plus that's already gone.

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