“When you invest internationally, currency is the name of the game, all other factors become secondary. You think you’re buying real estate, stocks or businesses? Think again. Foreign Exchange fluctuations have become the number one cause of gains and losses. They have impacted every sector in every nation”. ~ Bryant Palma*, in a presentation April 17, 2018 made this statement to his audience.
USA and Canada Market. Mortgages are Common. A developer borrows money based on conditions of the lender. Feasibility or viability of the project is based on data: sales prices, sizes, number of bedrooms, features. Lenders can also require other data such as absorptions of similar properties, what amount of inventory is for sale. Will the project come on stream at the time it can be sold and absorbed? Will the projections of sales pay for the mortgage and interest?