Wednesday, May 25, 2016

Always a pleasure to hear from Roger ...

CBL reportedly under investigation 
   
The Wall Street Journal is reporting that CBL Associates Properties is 
under investigation by the FBI and the SEC. The probe is focused on 
whether officials at the real estate company “falsified information 
on financial statements to banks when applying for financing 
arrangements.” 
   
We show the CMBS exposure we found related to CBL, which totaled 
nearly $3 billion. Until more details emerge, it is of course difficult
to estimate the impact of the news story on the individual loans and 
deals. 
    

No comments: