For struggling real estate owners trying to survive the coronavirus-induced recession, the saviors extending a lifeline are lenders — but whether they are white knights or acting out of pure self-interest depends on whom you ask.
Bridge lenders and preferred equity investors are in line to become the go-to rescuers for property owners, especially hoteliers and retailers that have taken the hardest hit.
Isaac Marcushamer. Courtesy photo They are not purely selfless, and it's questionable whether the moniker "rescue capital" is deserved, said Miami attorney Isaac Marcushamer, who has another phrase in mind.
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Lidia Dinkova
Lidia Dinkova covers South Florida real estate for the Daily Business Review. Contact her at [email protected] or 305-347-6665. On Twitter @LidiaDinkova.
