Bankruptcy Law News
8/28/2008 11:56:21 AM EST
Hedge funds help fill gap in lending for property
(AP) Three months ago, Eric Gray saw an opportunity to scoop up a vacant retail property in New York City's borough of Brooklyn. But he had a problem, one that has been plaguing many real-estate investors and owners: The nation's banks, burned by years of easy credit and the resulting devastating losses, are no longer eager to lend. Full version (available to lexis.com subscribers)
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