Saturday, September 26, 2009

CMBS The Biggest Challenge in CRE over the next 12 - 24 months - BNP Paribas

What is he talking about 15 different parties and 15 different layers of debt? Is he talking about a CMBS deal? I don't think he knows what he is talking about - skip ahead to minute 4:50 and can stop at 6:39.

This is the same tired argument of someone never involved in a loan mod or workout - it's difficult, but it should be difficult to default on an agreement and change the terms.

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