Land Source Second Lien Drops 20 Points

An anticipated amendment for LandSource Communities that would have CalPERS inject money into the company appears to have faltered last Wednesday, causing LandSource's loans to drop about 20 points on the second lien and 10 points on the first lien.

  • 18 Apr 2008
An anticipated amendment for LandSource Communities that would have CalPERS inject money into the company appears to have faltered last Wednesday, causing LandSource's loans to drop about 20 points on the second lien and 10 points on the first lien. "The second lien really got hammered," one dealer ...

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