Alta Developers Lands $91.8M Construction Loan for Miami Apartments

Madison Realty Capital originated a $91.8 million construction loan to Alta Developers for the development of Alta Sunset, a 314-unit multifamily project located at 6075 Sunset Drive in South Miami, Florida. Upon completion, the property will rise ten-stories featuring 314 one- and two-bedroom homes

Mortgage rates climb to nine-month high

The 30-year fixed rate mortgage rate rose to 6.51% from 6.36% last week, while rates on 15-year loans moved to 5.85% from 5.71% last week.

Florida housing market at inflection point as summer approaches, economist says

Florida’s housing market is entering a period where the next several months could help determine whether conditions stabilize or soften later in 2026, according to Florida Realtors Chief Economist Dr. Brad O’Connor.

Fed minutes point to longer mortgage-rate uncertainty

Federal Reserve officials said rate hikes could still be considered if inflation stays high, adding uncertainty for buyers and sellers hoping for lower mortgage rates.