24.02.2011 - Jefferies, Singapore's GIC, LoanCore in commercial real estate venture
From WSJ: Jefferies Group Inc. and the Government of Singapore Investment Corp. have formed a joint venture with Mark Finerman's LoanCore LLC with $600 million in equity to originate commercial real estate debt. A number of investors have been raising funds to address a shortage of capital in the commercial real-estate sector, as lending standards remain tight and the market for securitized loans--once a significant source of debt for investors in malls and office towers--has only begun to recover after grinding to a halt amid the credit crisis...............................................Full Article: Source
Print