The cash crunch continues for nonbank lenders that relied on bank credit facilities to fund deals. Many of the lenders beginning to feel the squeeze are publicly held mortgage real estate investment trusts, and it’s likely that private debt funds will soon feel the same pain, according to the Wall Street Journal. That pressure is expected to come from the one-two punch of banks demanding more cash collateral as borrowers halt loan payments, analysts say.
source https://therealdeal.com/2020/04/01/mortgage-reits-debt-funds-face-catch-22-between-banks-developers/
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