Interest rate hikes have been taking a toll on commercial real estate, especially as interest rate caps become expensive enough to kill deals. Grant Cardone, CEO of Cardone Capital, told GlobeSt.com a month ago, “In the last 18 days, I had about a billion dollars of real estate I was trying to buy [fall through]” because of the financing realities.

But what’s happened since? More of the same, when it comes to financial conditions, and it’s frustrating for many.

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