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Is The Credit Crunch Here? | Peter Boockvar

Wealthion - Be Financially Resilient

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The Credit Crunch in Real Estate

Hilton CEO talked about the dearth of capital for new construction. You can be a hotel developer as the article that I tweeted talked about in that your numbers just don't pencil out at an 8% interest rate relative to 3% credit rising rates. Now it might, but you have to come up with more cash. The loan to value ratio that the bank is willing to accept is going to be much lower than you were budgeting.

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