Monday Morning Cup of Coffee: G-fees won’t pay for highways

Monday Morning Cup of Coffee: G-fees won’t pay for highways

Fed inaction leaves analysts strongly neutral on mortgage bonds

Meet our incredible 2015 Women of Influence

Announcing 40 leaders driving the housing economy

CFPB to mortgage industry: Get out of MSAs

Industry calls move regulation by enforcement
W S
Investments / The Ticker

Net positive for CRE

/ Print / Reprints /
| Share More
/ Text Size+

Goldman Sachs Group (GS) has sold about $750 million of junior loans on a large hotel portfolio owned by the private-equity firm Cerberus Capital Management, according to people briefed on the transaction.

The junior loan, which was part of a $1.85 billion debt restructuring, was sold in four pieces and marks the latest—and one of the largest—complex refinancing deals since the financial crisis. This kind of financing with multiple junior debtholders was popular during the property market boom but disappeared when the bubble burst and risk appetite waned.

Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus