TPG Real Estate Finance Trust is one of several nonbank property lenders feeling the squeeze as markets fall. Real estate investment trusts, hedge funds and private equity firms that have issued billions in construction loans, mortgages and bonds backed by property debt are now facing a cash crunch, the Wall Street Journal reports. TPG is delaying its first-quarter dividend payments in preparation for needing additional cash collateral, but the company noted in a statement that
source https://therealdeal.com/2020/03/25/tpg-real-estate-finance-delays-dividend-as-cash-crunch-hits-nonbank-lenders/
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