It's not every month that a deal takes $150MM of losses but that was the case for this misbegotten deal. Stratreal Industrial turns out to be unreal, contributing 30MM+ losses for three months in a row. Meanwhile, we wait for Solana to resolve.
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4 comments:
Thanks for taking this blog over. There's nothing else out there like it. I've been checking in on it for a couple years now. Even if you're just tossing out a tidbit here or there on a given bond (such as this one), it's fun to hear from you now and then.
Well, thank you. I'm an Intex API specialist looking for employment. In the meantime, I follow CMBS and you're right, no other blog out there does that.
yes, thank you! Good thing for you, many folks are finally making the move to Intex from Trepp!
I don't really understand why anyone would move to Trepp from Intex. Trepp does focus on CMBS and has better and more timely data, but they are not as transparent and don't allow settling backwards. Can you explain why you think folks are leaving Intex?
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