Private Investors Snapping Up Distressed Assets
SOURCE: Portland Business Journal
As big banks sell off assets to shore up their capital, private investors are seizing the chance to make money.
Many of the assets are based on a collapsing real estate market that’s pushing down prices for buildings and the loans that financed them. Banks are even selling off some loans that aren’t directly linked to real estate to put more cash on their books.
Both established and startup firms want in on the profits they say are out there to be made.
Read full story »
As big banks sell off assets to shore up their capital, private investors are seizing the chance to make money.
Many of the assets are based on a collapsing real estate market that’s pushing down prices for buildings and the loans that financed them. Banks are even selling off some loans that aren’t directly linked to real estate to put more cash on their books.
Both established and startup firms want in on the profits they say are out there to be made.
Read full story »
