Distressed Investors Eye Commercial Mortgage Bonds

by therealdeal.com posted 1month ago 3 views
Distressed real estate investors, short on troubled properties, have turned to a crisis-era favorite to suss out potential deals: commercial real estate bonds. Hedge fund Axonic Capital and startup Metamorphosis Hotel Capital Partners are scrounging through commercial mortgage-backed securities for opportunities to seize, fix and flip troubled properties for profit, Bloomberg reported, citing sources with knowledge of the matter. Firms adapted a similar strategy during the global financial crisis. Now, investors are seeking mortgages that The post Distressed investors tap throwback strategy, target CMBS appeared first on The Real Deal New York.

In this article

No tags related to this article.