Real estate to feel impact of Silicon Valley Bank collapse, warns developer.

The collapse of Silicon Valley Bank (SVB) will have a significant impact on the real estate market, warns Royal Palm Companies CEO Dan Kodsi. The closure of SVB, which was announced by the Federal Deposit Insurance Corporation (FDIC) on Friday, marks the worst US financial institution failure in nearly 15 years. Kodsi believes that the fallout from the collapse of regional banks will have a significant impact on the construction financing of developers. Mortgages will also be a concern, as people may struggle to obtain them.