Irresponsible deal days numbered
Jun. 26 - Centerline Capital Group's CEO says the days of the irresponsibly structured commercial real estate deal are ''numbered.''
Marc Schnitzer, speaking at the Reuters Real Estate Summit in New York on Tuesday, says commercial property project financing lenders are taking a closer look at the details of the deal before making a lending decision.
Schnitzer says despite "better discipline" on the part of lenders there are "still great opportunities out there."
Speaker:
Marc Schnitzer
CEO, Centerline Capital Group
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