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Cash deposits revive Miami luxury condo market

Projects are funded with buyers' cash of as much as 60% of the purchase price

[NEW YORK] Gil Dezer, a Miami-area developer, five years ago had 850 unsold condominiums on his hands and almost US$500 million in loans coming due as credit markets froze and buyers disappeared. Today, he's back in the market with what he sees as a safer bet: a 132-unit luxury project for car

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