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Donut Shorts
DonutShorts
Early signs of multi-family credit stress may be a thing. Anyone else seeing this? Multi-family credit has been as good as it gets for the last few years. We may
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1/ Keep an eye on $REV in the morning.The early tender deadline on their bond exchange offer ends at midnight.Here’s the set up:The bonds (due in Feb) must be redeemed
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1/ $STWD took $34MM mark to market charge in Q3 against its JV interest in a portfolio of 4 regional mallsCharge necessitated by updated appraisal value of properties as part
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Thread:1/The reality of the Wirecard $WDI fraud is now unavoidably obvious for even the most blinkered of observers.There are profound lessons that should emanate from the $WDI storyBut first, let’s
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