• Real Estate Vultures Circle Distressed Assets As Rates Rise
    Real Estate

    Real Estate Vultures Circle Distressed Assets As Rates Rise

    Patrick Carroll (Illustration by The Authentic Deal with Carroll and Getty) Past 7 days, apartment developer Patrick Carroll introduced a venture to provide rescue money to apartment house owners across the Solar Belt. The system programs to make investments $250 million in equity to troubled borrowers. Carroll is not alone. As climbing interest fees and a history sum of financial debt place far more authentic estate entrepreneurs at risk, a rising variety of gamers are preparing to feast on distressed assets. Business lending huge Greystone mentioned Monday that it experienced shaped a undertaking with Inlet Authentic Estate Funds to give small-expression distress financing to struggling owners. And Barry Sternlicht, whose…

    Comments Off on Real Estate Vultures Circle Distressed Assets As Rates Rise