The Real Deal – Interest rates rising? Better refinance now, developers say
Amid uncertainty about the Federal Reserve’s timetable for raising interest rates, the first three months of 2015 has seen a flurry of refinancing deals involving some signature projects in Miami-Dade County.
In January, Agave Holdings closed a deal with Citibank to refinance a $40 million loan the commercial real estate firm took out in 2005 for its office building at 396 Alhambra Circle in Coral Gables.
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