| 17.04.2012 - CBRE: Swap contracts affecting lenders real estate work out strategies |
| The cost of breaking swaps contracts taken out by real estate investors who borrowed in euros at the peak of the property market in 2006/07 has increased substantially, according to an analysis by global real estate advisor, CBRE. Created as a hedging instrument, swaps were intended to protect real estate loans with high LTV ratios, which typically have low interest rate cover, against interest rate rises...............................................Full Article: Source |