When the U.S. real estate market collapsed in 2009, banks and lenders were left scrambling to find buyers for their loans that borrowers had defaulted on. Debt funds and vulture funds were able to scoop up some of those bad loans for pennies on the dollar. Now, Churchill Real Estate Holdings says a version of that story could begin to play out in New York. In response, the New York-based firm has been trying to […]
source https://therealdeal.com/2019/02/05/churchill-real-estates-distressed-debt-fund-eyes-crack-in-ny-market/
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