Sorry!! The article you are trying to read is not available now.
HOT TAGS:  

Loans That Vanished in a Property Bust Reappear

Print comment Post Comments
EVERYBODY BACK IN THE POOL
"Mezzanine loans, which are secured by stock or other ownership stakes in a company, became a popular form of secondary financing during the real estate boom, offering high returns to investors and high interest rates for borrowers," the New York Times reports. Despite built-in risks, lenders say mezzanine loans are beginning to resurface, albeit slowly. “It’s become something people want to do again,” said William Shanahan, a vice chairman at CB Richard Ellis who specializes in investment properties in New York. “I think it’s fair to say that right now the desire to place mezzanine debt outweighs the demand for it, but a lot of people are looking to put mezzanine loans on their properties. There are a number of players out there right now.”
SOURCE:   New York Times

TICKERS