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B Piece

Anthracite Capital Files Chapter 7

March 15, 2010

What took them so long? After months of being unable to service its debt, and numerous SEC filings describing the Company’s inability to cure its defaults, secured lenders finally closed in on Anthracite Capital, a struggling Mortgage REIT with a “legacy” portfolio full of almost worthless CMBS equity. While events began to spin out of […]

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Freddie Mac Says Lever it Up!

March 9, 2010
REIT Money Man

According to Instutional Investor, Freddie Mac is bringing its high leverage crack pipes back to the multi-family market. But the move is less a return to the go-go days than a sign of just how weak the market is, and it appears to be driven more by the fact that Freddie is running out of […]

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