http://reitwrecks.com/2010/03/fortress-investment-group-fails-to-knuckle-newcastle-preferreds.html High Yield REITs And Commercial Real Estate Wed, 08 Feb 2012 18:27:43 -0700 hourly 1 http://wordpress.org/?v=3.1.2 http://reitwrecks.com/2010/03/fortress-investment-group-fails-to-knuckle-newcastle-preferreds.html/comment-page-1#comment-722 The Wikinvest Daily Angle » Fortress Investment Group Fails To Knuckle Newcastle Preferreds Wed, 31 Mar 2010 09:11:55 +0000 http://reitwrecks.com/?p=859#comment-722 [...] Daily Angle comes from Wikinvest Wire member REITWrecks.com. You can read the full article on the REIT Wrecks [...] [...] Daily Angle comes from Wikinvest Wire member REITWrecks.com. You can read the full article on the REIT Wrecks [...]

]]> http://reitwrecks.com/2010/03/fortress-investment-group-fails-to-knuckle-newcastle-preferreds.html/comment-page-1#comment-642 crabsofsteel Mon, 29 Mar 2010 12:56:50 +0000 http://reitwrecks.com/?p=859#comment-642 One of the funniest (or saddest, if you own the junior classes) aspects of the CRE CDO was that the collateral manager was also the special servicer for any defaulted loans. Special servicing is as much of an art as it is a business, whereas I can picture the CIO of NCT yelling at his defaulted mezz borrower: "dude! you gotta pay your loan, down. dude!" One of the funniest (or saddest, if you own the junior classes) aspects of the CRE CDO was that the collateral manager was also the special servicer for any defaulted loans. Special servicing is as much of an art as it is a business, whereas I can picture the CIO of NCT yelling at his defaulted mezz borrower: “dude! you gotta pay your loan, down. dude!”

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