The real estate investment trust — which counts the private equity firm C-III Capital Partners among its top shareholders — owes more than $100 million to creditors but has less than $50 million of assets, according to a Chapter 11 petition.
https://www.nationalmortgagenews.com/articles/mortgage-investor-jer-files-for-bankruptcy-is-latest-property-firm-to-crash
Refi potential spreads as average borrower rates rise
Nearly one-quarter of borrowers now have a rate above 5% as households in this category grow and...
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