Commercial Real Estate Finance

Posts Tagged ‘assisted living facilities’

A Ponzi scheme is a fraudulent investment operation that pays returns to investors from their own money or money paid by subsequent investors rather than from any actual profit earned. The Ponzi scheme usually offers returns that other investments cannot guarantee in order to entice new investors, in the form of short-term returns that are either abnormally high or unusually consistent. The perpetuation of the returns that a Ponzi scheme advertises and pays requires an ever-increasing flow of money from investors in order to keep the scheme going.

Charles Ponzi created it. Bernie Madoff aggrandized it. But there’s been a big white elephant in the room brewing over the last several decades (that will come to a head in the next few decades) that blows them all away.
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The Week of June 20-26

- Commercial Real Estate mortgage debt stood relatively still at $3.48 billion in the first quarter of 2009.

- Are HARP LTV’s going higher?

- CNC Investments defaulted and could lose 1,272 units in Austin, TX to foreclosure.

- A Georgia bank is auctioning off $100 million worth of troubled assets.
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