As The Commercial Real Estate Sector's Woes Deepen, This New York Fund Plans To Lend $2 Billion To Troubled Property Owners
There will always be a group of investors who buy into industries during down cycles because they feel that's when the potential upside is the highest. That's why Ran Eliasaf, who heads The Northwind Group private equity and fund, is planning to make up to $ 2 billion in short-term loans to the struggling commercial real estate sector this year — a capital injection that would be welcome. According to the Mortgage Banker's Association, 20% of the $4.7 trillion in outstanding real estate mortgage
Source: yahoo.com
