Posts
 |
| Club House Kikugaoka |
The loan of YK Shintoku went into maturity default in November 2009. YK Shintoku is currently carrying out a progressive and partial sale of its properties to reduce the absolute amount of its loan so as to make the refinancing of the loan more acceptable to lenders.
Bloggy Award
2 comments:
I wonder how much more to go before they clear up the default loan & accelerated interest ?
SnOOpy168
Hi SnOOpy168,
There is a tipping point when banks would finally find it "safer" to give a loan to the REIT to clear up YK Shintoku's CMBS, the last thorn left in the REIT's side.
Where exactly is that point? I can only say that with each successful divestment, it is getting nearer.
Post a Comment