ACORE Capital has formed an investment strategy backed by a group of institutions targeting rescue capital for North American hotel operators to navigate the ongoing health crisis and subsequent debilitating blow to the hospitality industry. The initiative culminated on Tuesday with the company … [Read more...] about 2.20.21: ACORE Launches $1-Billion Hotel Rescue Capital Initiative
11.1.20: BRIDGE LENDERS GEAR UP FOR RESCUE LOANS
Banks are beginning to increase pressure on borrowers with non-performing loans to pay or find financing elsewhere. Borrowers with low-leverage loans pre-COVID that simply need time to restabilize are turning to the bridge loan market for alternatives. The situation is particularly acute in the … [Read more...] about 11.1.20: BRIDGE LENDERS GEAR UP FOR RESCUE LOANS
9.10.20: SIMON AND BROOKFIELD SET TO RESCUE JC PENNEY
U.S. mall owners Simon Property Group and Brookfield Property Partners are close to finalizing an $800-million deal to rescue the embattled department store chain JC Penney from bankruptcy, avoiding a total liquidation and saving about 70,000 jobs and 650 stores, Joshua Sussberg of the law firm … [Read more...] about 9.10.20: SIMON AND BROOKFIELD SET TO RESCUE JC PENNEY
