“Basically, what you have is a decaying asset,” said David Shulman, formerly a real-estate investment trust at Lehman Brothers and now an senior economist at UCLA Anderson Forecast. “If it’s a decaying asset it’s a hot potato that you should get rid of as fast as you can.”
"Bank Regulators Urge Flexibility in Commercial Real-Estate Loan Workouts as Defaults Grow"
The Wall Street Journal (online, paywall), July 24 Bank Regulators Urge Flexibility in Commercial Real-Estate Loan Workouts as Defaults Grow - WSJ
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