Romspen Stops Redemptions Altogether As Liquidity Problems Mount
Canadian real estate firm Romspen Investment Corp. has frozen redemptions on its largest fund after a number of borrowers ceased making payments. In a letter to investors, the firm said the temporary stop gap measure “run-off pool did not dampen redemption activity, and loan payoff activity remains suppressed.” “In light of these circumstances, the Trustees … Continue reading Romspen Stops Redemptions Altogether As Liquidity Problems Mount
Copy and paste this URL into your WordPress site to embed
Copy and paste this code into your site to embed