Many banks may be backing away from real estate lending, but alternative lenders are betting on a recovery for distressed property types. As competitors retreat, Goldman Sachs has raised its largest pool of cash yet for its latest real estate credit fund, closing $7B to originate, underwrite and hold loans backed by high-quality real estate.
Read the full article on Bisnow to learn more about what this trend means for Florida real estate investors and for hard money lenders.
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