Category: Deleveraging

Slicing through the capital stack

6 April, 2009 (10:39) | Boston, Deleveraging, Hancock Building, US News |

What happens when a property’s capital stack is too high – when the debt substantially overtops its value?  The Law of Economic Gravity  dictates that such capitalization cannot be sustained for long, and as reported in the Boston Globe, in one of the least surprising developments of the global de-leveraging, on April Fool’s Eve, the […]