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How many ways can a CRE borrower say out? How about a good factor of ten when it comes to interest caps on adjustable-rate commercial real estate loans?

“In the last 18 days, I had about a billion dollars of real estate I was trying to buy,” Grant Cardone, CEO of Cardone Capital, tells GlobeSt.com. “We were doing a deal with $300 million worth of debt, AAA asset, AAA location, everything lenders would want. What we would normally pay $500,000 for was $12 million.” The deals were done … done in, that is.

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