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.
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1 comment:
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