Post by
MARKOPOLIS on Apr 18, 2023 12:00pm
Dream upgraded at national bank but
Just as Brookfield defaults on second office property
SLAM should start some defaulting
Comment by
InvestSmarter on Apr 18, 2023 1:30pm
Brookfield has non-recourse debt. Leverage select properties as much as possible, then default on them, while leaving the good properties with low or no leverage. Its part of their strategy. SOT and CDN lending doesn't have that luxury.