Real Estate/Development
Apr. 29, 2010
Lenders Pick Up the Pace of Workouts
More banks work with borrowers to attempt to resolve the $135 billion in distressed real estate.
By Keeley Webster
Daily Commerce Staff Writer
An uptick in workout activity indicates a shift from the era of "pretend and extend" that has dominated the real estate market for more than a year to one in which lenders are trying to resolve problem loans with borrowers.
Pretend and extend is just one of many real estate catchphrases used to describe the expe...
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