Representing bank in an action to recover a $ 14 million deficiency from borrowers and guarantors following a series of
defaults on a commercial loan portfolio valued at $ 105 million.
Not exact matches
This behavior of
commercial banks may be explained by their fear of
loan defaults and increased risk aversion, or it may be because of the Fed paying interest
on all reserves at a rate above the federal funds rate (Simkins 2012).
Here too
loans were bundled together to make complex securities, known as
commercial mortgage - backed securities (CMBSs),
on which
defaults are now rising.
Represented Republic of Congo (Brazzaville) in action to collect
defaulted loan obligation under Foreign Sovereign Immunities Act, creating new Ninth Circuit law
on scope of «
commercial activity» exception to foreign sovereign immunity.
Though the $ 58 million
loan made
on the property, which is owned by private equity firm KKR & Co., hasn't gone into
default, the cash reserve isn't expected to last through the end of 2016, Stuart Rothstein, CEO of Apollo
Commercial Real Estate, told investors during a conference call in July.
This behavior of
commercial banks may be explained by their fear of
loan defaults and increased risk aversion, or it may be because of the Fed paying interest
on all reserves at a rate above the federal funds rate (Simkins 2012).
Morningstar's November «Watchlist» report includes
loans held in
commercial - backed mortgage securities with an elevated risk of
default based
on a number of factors, including building occupancy, upcoming lease expirations and the amount of debt the owner has
on the property.