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Despite grocery-anchored retail properties’ increasing popularity, some owners are still losing buildings to lenders. Through an affiliate, lender MetLife took back the keys at 188...
The long-running legal dispute over a failed Garment District condo conversion continues after a judge ruled that the lender will have to foreclose on the property the old-fashione...
The lender already had the one tool it needed – and reached for another anyway
Redcar is in trouble in Chinatown. Distressed debt player Rialto Capital accused the Jim Jacobsen-led development firm Redcar Properties of defaulting on a loan for creative office...
Short sale approvals can move faster than expected when files are complete, and lenders have incentives to avoid foreclosure costs.
The VA Partial Claim Program is finally underway, and mortgage lenders are applauding the move. But is it a little too late?
Five years after opening the Goodtime Hotel with a celebrity-studded party, Eric Birnbaum and Michael Fascitelli lost the marquee South Beach property to the lender. Los Angeles-b...
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