Discussion in 'Trading' started by AMT4SWA, Nov 10, 2008.
Deutsche Bank originated the construction loan in 2005 and sold off most of it to others, retaining less than $10 million of exposure on that loan.
The original loan was 640m, nice job. I wonder how much they made selling off the parts.
Probably all builders are waiting for the outcome, this is affecting all of them.
The complexity and dispersion of ownership of that loan will be a feast for lawyers to resolve.
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