Sudden surge in values creates mixed bag for lenders.

Extract


Sudden surge in values creates mixed bag for lenders.

Following a volatile decade of real estate investment trends, described as "crazy" in the 1980's and depressed in the early 1990's, optimism and caution are called for as the industry prepares to move into the new millennium.

In the real estate debt markets, the end of 1994 through the begi...

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