People are besides themselves that Stuy Town has been reappraised for $500mm more than the senior loan balance, as a potential sale approaches early 2015 (which is also not going to happen without a co-op conversion plan). So what??? At least that amount has been advanced by the servicer, and they are at the front of the line to get repaid upon loan liquidation.
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1 comment:
Dude, get your own blog.
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