In late May of this year, the signs were already rising with the dry hot sun of interest rate increases. With them went the costs of interest rate caps.
“The prices have skyrocketed,” David Podein, a partner at Haber Law in Miami who focuses on commercial real estate, tells GlobeSt.com. “In some instances, the price to purchase the interest rate cap is ten time more than it was a year or so ago.” Others in the last month or so have said the same thing.
Rate Caps Costs Soar Even Higher
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