MIAMI—Owners and buyers of multifamily housing areexperiencing sticker shock when they refinance, sell or purchaseproperties. Insurance premiums have jumped as much as 25% becauseof the broadened insurance requirements set forth by lenders.
GlobeSt.com caught up with Ryan Cassidy and EvanSeacat, both senior directors at Franklin Street InsuranceServices, for a deeper understanding of why lenders havechanged their standards and what owners and buyers can expect inpart one of this exclusive interview. Stay tuned or part two, inwhich the duo will discuss how changing lender practices haveimpacted the market.
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