Too Much Debt, Not Enough Equity: Q&A with Lunada Rose Partners’ Adam Nourafchan

The real estate capital markets are facing a unique imbalance — plenty of debt, but a scarcity of equity. What’s driving this misalignment, and what does it mean for investors, developers, and the broader market? In a Q&A with Connect Money, Adam Nourafchan breaks down the causes, the impact on housing supply, and where the opportunities lie in today’s shifting environment.