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