powered by
Select Leaders

JOBS

Enter Search Keywords

eg: "Financial Analyst" or Company

Recruit Commentary Sign up for Alert

The troubled real estate market has created a buyers’ market for mortgage loan portfolios, RMBS and CMBS, foreclosed real estate, real estate in corporate turnaround situations, equity and debt of housing-related retailers, and equity, debt and assets of distressed builders. Hear a panel of experts share their insights on market timing and the importance of proactive planning to achieve investment success.
Now Available on Demand until 02/09/2010 Cost: FREE Register Now >

QUICK POLL

When Will the Credit Market Return?

Next Year

In a Few Years

Never Like it Was

View Results

LOS ANGELES-The industry is likely to see more developments such as the $554-million acquisition of troubled real estate loans from Corus Bank by Starwood Capital Group, said Jess Bressi, a partner at law firm Luce Forward. The move came just after Corus was seized by the FDIC.

“There are a lot of zombie banks,” said Bressi, speaking at RealShare Apartments 2009. “Those are the walking dead. They’re not making loans, they’re not enforcing loans, and they’re just hoping they can live from paycheck to paycheck.”

Bressi spoke with GlobeSt.com editor Ian Ritter. To view the full interview, click the link below.

http://www.globest.tv/jess-bressi-of-luce-forward/

Related Content

Distressed Assets Investor Newsletter - Monthly (12 issues) - Digital Format - $349 subscription fee