30% of iStar Financial’s Loans are Non-Performing
February 28, 2009
Tweet iStar Financial (SFI: 12.05 0.00%), a commercial mortgage REIT that had been an active player of the past few years, is in dire straits with an some 23-30% of its loan portfolio not performing. The company acquired the assets of Fremont Investment & Loan, a notorious lender on highly speculative condo and housing projects. [...]
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