Author: Drew Butler
Articles by Drew Butler
- Capital Markets on the Rebound: Where the Risk Lies
Published on October 22, 2012 in Fall Meeting
A panel on the state of the capital markets at the Urban Land Institute’s fall meeting began with optimism about the current rate of growth and health of major banks. But concern crept in as panelists acknowledged that mounting pressure to build business could lead to something of a rewind of past cycles.
- With Interest Rates Low—and Falling—Lenders Scale Back Expectations on Originations
Published on June 12, 2012 in Capital Markets
Lenders are scaling back expectations for 2012, according to representatives of major financial institutions speaking at ULI’s recent Capital Markets Conference.
- Investing in Distressed Debt
Published on June 11, 2012 in Capital Markets
Richard Saltzman, president of Colony Capital, kicked off a session on investing in distressed debt at ULI’s Capital Markets Conference on June 7 in New York City by pointing out that the estimated $1 trillion in “overleveraged, underwater debt” slated to mature over the next six years overwhelms the approximately $300 billion targeting such deals. Only one in five deals might be a home run, he added.