Real Estate/Development
Oct. 2, 1999
Let's get together
By John McCloud When you're looking for a mortgage for a $300,000 home, you have a wide choice of lenders to choose from. But when your home purchasing needs go a bit higher - say somewhere in the neighborhood of $300 million - your choices narrow considerably. Add in a nationwide lending crisis, and they get narrower still.
By John McCloud
When you're looking for a mortgage for a $300,000 home, you have a wide choice of lenders to choose from. But when your home purchasing needs go a bit higher - say somewhere in the neighborhood of $300 million - your choices narrow considerably. Add in a nationwide lending crisis, and they get narrower still.
That is the situation a joint venture of the Carmel Cos. and JP Morgan Investment Management faced - first individually and later in tandem ...
When you're looking for a mortgage for a $300,000 home, you have a wide choice of lenders to choose from. But when your home purchasing needs go a bit higher - say somewhere in the neighborhood of $300 million - your choices narrow considerably. Add in a nationwide lending crisis, and they get narrower still.
That is the situation a joint venture of the Carmel Cos. and JP Morgan Investment Management faced - first individually and later in tandem ...
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