Hints and tips:
...Executives are also reviewing the circumstances of a $140m bridging loan provided to Greensill last November....
...At the core of its current problems is the management of the transition to a new economic model....
...Bankia, Spain’s largest nationalised lender, this month sold its real estate management arm to Cerberus, while Caixabank is in talks to offload a stake in its property servicing division to Texas Pacific...
...As we know, those bad banks — asset management companies or AMCs — didn’t seem to make much progress repaying the banks from whom they had bought the bad loans at face value for a good decade....
...This week Apollo Global Management, Kennedy Wilson and Blackstone invested almost €400m acquiring distressed loans and commercial properties in Ireland at a fraction of their face value....
...The CMBS loans are backed by mortgage fees related to existing properties in addition to rights to proceeds from future joint ventures and properties under construction....
...“Our team will be able to do default loans, residential, commercial, can resuscitate failed properties, etc….very few others will have this reach,” he said. “The market is huge.”...
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