In January, French investment bank Natixis agreed to provide a $95 million loan for 500 North Michigan Avenue, a 24-story office building on Chicago’s Magnificent Mile. The deal would be a relatively small notch in the belt for a commercial lender with increasing clout in major U.S. markets. But weeks later, the bank walked back its offer — a puzzling move in an industry where being able to deliver loans is crucial to reputation. Then […]
source https://therealdeal.com/issues_articles/banking-on-volatility/#new_tab
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