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Listen to this Before Investing in Florida Condos!
John Cadden from Condominium Advisory Group joins us today to discuss big changes that have occurred in the Florida condominium arena. The collapse of the Surfside condo 2 years ago led to significant rule changes. Find out what they are, along with a bevy of other changes that are affecting go-no-go decisions for investing in Florida condos.
Key Discussion Points
About our Guest
Today we have with us John Cadden. John is the managing principal of the Condominium Advisory Group. After graduating from Boston University with a bachelor’s degree in accounting in 1984, John joined Continental’s equipment leasing division in the workout group. Later on, he took a position at the Commercial Real Estate Banker with the Friedman Group in Chicago. In 1988, John formed Century Funding Corporation to provide commercial real estate banking and real estate investment services to third party real estate developers and investors.
After a decade of heading up Century Funding, he joined American Invsco as chief investment officer in 1999 with a primary role of overseeing acquisition, financing, and ongoing real estate operations of various condominium and mixed use developments. Under his tenure, the company acquired and developed over $2 billion in real estate projects. In 2008, John formed CF Capital Holdings.
Since its inception, they have provided asset advisory management, restructuring, and consultancy services to the condominium development, multifamily rental, and single family for sale housing industries. Such services include determining optimum repositioning of assets that had gone insolvent during the economic downturns, many of which were condominium conversions that had not sold completely.