Business > Commercial Real Estate

Venture looks to buy up to $175M in distressed resi loans, with focus on NY, Miami

13 days ago   |   By The Real Deal New York

As an increasing number of borrowers skip their mortgage payments, opportunistic investors have been on the lookout for distressed loans sold off at discount prices. A new venture intends to acquire up to $175 million in delinquent loans on properties across the country, particularly in New York City and Miami. That includes an initial commitment of $25 million. Real estate investment firm Lakeport Capital will acquire non-performing loan portfolios on condos and single-family homes. Lakeport
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