Extract
Money for something: equity kicks for a price.
The consensus among area real estate experts is that yes, financing is available, but there is often a dear price to pay and that is spelled E-Q-U-I-T-Y.
"It's 1996 for everything you are buying except real estate," said Norman Sturner, a general partner in Murray Hill Properties. "There are good properties out there but you have to come in with this tremendous traunch of equity." To combat financing problems about 80 lenders heard an upbeat view of New York City's real estate...See the full content of this document
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