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by fdye
1089 days ago
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What I think is interesting, at least in the case of Veritas default in SF, is that they are then allowed to bid to buy the debt at a discounted price. They are using a different financial backer and likely just management on the properties, but still it seems like if you mismanage your portfolio so bad you default you probably then shouldn't be allowed to rebuy those same properties. If they wanted a debt restructuring they should have been forced through bankruptcy. https://therealdeal.com/sanfrancisco/2023/05/31/veritas-to-b... |
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