Real Estate Brokerage Shops Solution To Subprime Mess

A real estate brokerage is pitching fractional ownership as a way to get lenders out of the subprime mess.

  • 25 Jan 2008

--Cathy Cunningham

A real estate brokerage is pitching fractional ownership as a way to get lenders out of the subprime mess. Greg Rand, managing partner of White Plains, N.Y.,-based real estate brokerage Prudential Rand Realty,is working with lenders with exposure to subprime mortgages on converting borrowers’ debt in ...

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