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Real Estate & Property Law

: The Home Equity Theft Reporter

NYC Tenants Look To Fannie To Maintain Complexes On Which They Hold Mortgages As Overfinanced Buildings Throughout City Begin Falling Apart

By r morris

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In New York City, Crain's New York Business reports:In 2005, Cammeby?s International bought a portfolio of five rent-regulated housing complexes in the city for $295 million. Just two years later, it flipped the grouping of former Mitchell-Lama buildings to Urban American Management for $918 million. Deutsche Bank underwrote the $700 million loan that funded the purchase, which resulted in a

Full post as published by The Home Equity Theft Reporter on May 28, 2009 (boomark / email).

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