Real estates new vocabulary: extend, amend and pretend.
Real Estate Weekly › August 05, 2009
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Real estates new vocabulary: extend, amend and pretend.
The underlying crisis in commercial real estate is growing below the radar. The new mantra for lenders is Extend, Amend and Pretend. Why extend and pretend? Let's look at recent history. In 2007 the Commercial Mortgage Backed Securities Market (CMBS) generated over $270 billion in loans. ...
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