The old saying is true. Ask three people an opinion and you’ll get four different answers. It’s no less true of the current debt crisis–or the recent debt crisis or the debt crisis coming–depending on whom you ask. Michelle Napoli, editor the GlobeSt.com newsletter Net Lease forum , recently spoke with James Murphy, chair of Boston-based commercial mortgage banking firm Q10 New England Realty Resources LLC, to discuss changes in the debt market environment. Murphy is also chair of Q10 Capital LLC, a Brentwood, TN-based umbrella organization for NERR and other member companies like it around the country.

NLf: What’s your latest reading of debt conditions now that we’ve started the fourth quarter?

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