From the April issue: The developers of 111 Murray Street had reason to celebrate this fall after pulling off a $650 million loan that would partially refinance unsold units at the 800-foot condo tower. But for brokers selling the $1 billion condo project — which is reportedly 80 percent sold — the loan is a heavier load to bear. Discounts and longer marketing time for condos mean smaller paychecks for new development brokers, who are also being forced […]
source https://therealdeal.com/issues_articles/new-development-agents-get-stretched-thin/
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