Detailed text transcripts for TV channel - MSNBC - 20181008:04:24:00
>> this was a time when wall street was willing to lend gobs of money. so they borrowed almost the entire sale price. >> i think they bought it with almost $50 million down at one point, $8 million buildings that were highly leveraged. >> when the market crashed in 2008 the kushner's deal turned on them. >> commercial real estate, is that the next shoe to drop? >> there's obviously a lot of distress out there, and more distress to come. >> the number of tenants started to decline, the payments started it decline and it really backfired on him in a big way. >> over the next decade as the young ...