Going through a commercial real estate transaction can be exciting when progress is made, but it also can be frustrating when things don't go as planned. Disputes are one of the biggest roadblocks to a successful commercial real estate deal, and prolonged negotiation is often necessary to attempt to reach a solution that both parties agree on. Currently, another major roadblock in Florida appears to be commercial lending.
Lenders today seem to be getting more stringent than they were in the past when qualifying applicants to borrow funds for commercial deals. Virtually perfect credit is necessary in order to get the best deals. As a result, many borrowers are being turned down, which officials say is hampering the state's recovery from the recent recession.