Insights
In the Media
Drop in commercial, construction loan rates never arrived
Day Pitney Miami Partner and chair of the firm’s Florida Real Estate Practice, Daniel Diaz Leyva, was recently featured in Miami Today, where he examined shifting dynamics in the commercial and construction lending market as interest rates remain elevated.
Diaz Leyva noted that while anticipated rate cuts have not materialized, the market is beginning to adjust, with increased lending activity emerging under current conditions. He also pointed to South Florida’s relative strength, explaining, “We are still seeing migration and investment in the market, but there’s definitely a lot of headwinds and a lot of uncertainty. One of the things that’s sustaining and supporting us through all these challenges is our growth, and that’s definitely not happening in other markets. They’re seeing the complete opposite.”
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