Real Estate Finance

A recent article in New York Business.Com entitled "All REITS Get Roughed Up In Mortgage Meltdown," noted that even those with no subprime risk were hit and that others were stressed even before the present credit crunch hit.

Wayne Heicklen, Co-Chairman of Pryor Cashman’s Real Estate Group, was quoted in the September 2, 2007 article, noting that deal activity could slow if the money crunch continues and that REITS that specialize in commercial mortgages have already tightened underwriting guidelines.

To read the article, please click here.