Looks like a good speculative bet at this stage - which can pay off handsomely once the credit crunch passes. However there could be liquidity risk which could drive them to restructure at depressed prices. Are they funded with recourse or non-recourse loans?
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Looks like a good speculative bet at this stage - which can pay off handsomely once the credit crunch passes. However there could be liquidity risk which could drive them to restructure at depressed prices. Are they funded with recourse or non-recourse loans?
Jul 27 17:33 pm
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All Comments by E Nuff Sed »iStar Financial - On the Shelf [View article]