Credit conditions are not improving and construction financing to build from the ground up is not available, says Ivanka Trump, executive vice president of development and acquisitions at the Trump Organization.
"We’re only looking at acquisitions where either we can come in with a large cash amount, which you need to in this environment, or that the seller will do seller financing," added Trump, who is working on more than 70 real estate projects.
Trump says we have not yet hit the bottom but says opportunities in commercial real estate are “plentiful.”
“I think the question is how much cash do you want to allocate in an environment where you know that should you need capital, you’re not going to be able to borrow it," she added.
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