LeFrak and Flexner on CNBC
March 3, 2010
Tom Flexner, head at Citi Global Property and LeFrak of the LeFrak Organization on CNBC. Lots of capital sitting on the sidelines, and LeFrak is trying to figure out how to deploy it. Flexner’s answer: reduce your return requirements.
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Categories:
Commercial Finance and Lending | Commercial Real Estate Investing
Tags: Citigroup, CMBS, Commercial Real Estate, LeFrak Organization, Richard LeFrak, Tom Flexner
Tags: Citigroup, CMBS, Commercial Real Estate, LeFrak Organization, Richard LeFrak, Tom Flexner
pretty true stmt about return reqs when youre talking about these huge distressed funds. every day a new one is announced and every day they buy nothing.
on the lower end of the spectrum the banks are holding so much stuff back morons are bidding stuff up left and right.