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Real Estate Investors Skip Paying Loans While Raising Billions

Author: External Author | Sep 09, 2020 | Categories: Business Financing , Certified Real Estate Investment Adviser , Construction Mortgage , Debt Consolidation , Licensed Mortgage Agent , Lowest mortgage rate , Mortgage Associate , Mortgage Broker , mortgage interest , mortgage preapproval , mortgage prequalifying , Mortgage Rates , Mortgage Refinancing , Mortgage Specialist , Rental Property Financing , Second Mortgage

Some of the largest real estate investors are walking away from debt on bad property deals, even as they raise billions of dollars for new opportunities borne of the pandemic.

The willingness of Brookfield Property Partners LP, Starwood Capital Group, Colony Capital Inc. and Blackstone Group Inc. to skip payments on commercial mortgage-backed securities backed by hotels and malls illustrates how the economic fallout from the coronavirus has devalued some real estate while also creating new targets for these cash-loaded investors.

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Original Article Source Credits: Yahoo Finance , https://ca.finance.yahoo.com/

Article Written By: John Gittelsohn

Original Article Posted on: August 24, 2020

Link to Original Article: https://ca.finance.yahoo.com/news/real-estate-investors-skip-paying-110000020.html