For more than a year, commercial real estate developers and owners have been struggling to manage the rising costs of development projects. In fact, some find themselves scrambling to raise capital to complete projects as interest rates and construction costs continue to increase. 

Trey Korhn and Vince Chillura of Valley Bank see this reality firsthand every day. Korhn and Chillura, based in Tampa, co-manage the commercial real estate lending division for Valley Bank’s operations in the Southeast, helping developers and owners navigate a constantly changing financial landscape. 

Erika Morphy

 

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