Category: Due Diligence

The difference between property and assets

26 February, 2009 (14:28) | Asset management, Asset resolution, Capital markets, Due Diligence, Special services, Subprime, US News |

Pay your loans or I’ll foreclose, threatens the lender, believing that to be an effective threat.     Or is it?   As illustrated a The New York Times article from a couple of months, there’s a huge difference between property, loans, and assets:   When the New York developer Harry B. Macklowe acquired the […]

Otherguy due diligence

22 December, 2008 (10:44) | Capital markets, Credit, Due Diligence, Subprime, US News |

“He was always just a couple jumps ahead of the law, but when the cops sometimes caught up with him, he always managed to blame it on some other guy.” — Ross Thomas, Chinaman’s Chance, page 58   Are developers more credulous than other people?    Ross Thomas: “They never took nobody who didn’t deserve […]