Complex Commercial RE Pacts Spawn Lender War

22 Jan 2010

Complex financing arrangements are said to be the underlying cause for infighting among lenders with different classes of debt as commercial real estate prices continues to fall.

Complex financing arrangements are said to be the underlying cause for infighting among lenders with different classes of debt as commercial real estate prices continues to fall. The deals, especially those in the hotel industry, divided lenders into multiple tranches with varying degrees of seniority and risk. Patrick ...

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