Tag: 爱上海DY

first_imgWith those holdings’ values having been sunk by the coronavirus pandemic crashing the economy, banks are asking these lenders to put up more collateral. For some, that’s causing a liquidity crunch.For banks, an analysis by data firm Trepp said the institutions’ commercial real estate loans would in the worst-case scenario see a 2.7 percent loss rate, less than what banks saw following the 2008 financial crisis. Trepp pegged the peak default rate between 2008 and 2011 at 4.4 percent. [WSJ] — Erin Hudson This content is for subscribers only.Subscribe Now Nonbank commercial property lenders risk running out of money as banks demand more collateral (Credit: iStock)TPG Real Estate Finance Trust is one of several nonbank property lenders feeling the squeeze as markets fall.Real estate investment trusts, hedge funds and private equity firms that have issued billions in construction loans, mortgages and bonds backed by property debt are now facing a cash crunch, the Wall Street Journal reports.TPG is delaying its first-quarter dividend payments in preparation for needing additional cash collateral, but the company noted in a statement that there’s “no certainty” it can continue paying, according to the Journal.The Angelo, Gordon & Co.-managed AG Mortgage Investment Trust said last Friday that it had “received an unusually high number of margin calls from financing counterparties” and admitted to missing some of the deadlines.ADVERTISEMENTNonbank lenders stepped into the commercial real estate space after banks withdrew following the 2008 crash, but many funded deals using bank debt facilities secured by corporate guarantees, loans and bond holdings.Read moreShadow bankers could be left with tab if hotels failPandemic may push Kushner Cos’ Times Square retail into defaultMortgage firms gear up for “liquidity tsunami”last_img read more

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first_imgAddThis Sharing ButtonsShare to FacebookFacebookFacebookShare to TwitterTwitterTwitterShare to EmailEmailEmailShare to RedditRedditRedditShare to MoreAddThisMoreNo one will be able to buy tickets to this year’s hottest concert featuring the Black Keys, Foo Fighters, and Neil Young with Crazy Horse in NYC’s Central Park. But you can earn points that will enter you in a lottery for the show’s 54,000 tickets by doing small actions that serve in the fight against global poverty.By sharing the website with friends, signing a petition, or donating money, music fans can support a good cause and possibly win tickets to the September 29 show. The “Global Festival 2012” is being organized by the Global Poverty Project on a new web page and app launched today at www.globalpovertyproject.com(READ the story at the NY Daily News)Photo credit: Flickr user flimsical-CCAddThis Sharing ButtonsShare to FacebookFacebookFacebookShare to TwitterTwitterTwitterShare to EmailEmailEmailShare to RedditRedditRedditShare to MoreAddThisMorelast_img read more

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first_imgA 237,000-lb (107.5-tonne) transformer, which was originally installed at the utility company’s facilities by Reynolds in 1984, needed to be removed. Reynolds deployed a 300-ton (272.2-tonne) capacity HT300 heavy track hydraulic skidding system and a 500-ton (453.6-tonne) capacity turntable.Thomas Reynolds, president at Reynolds Transfer and Storage, explained that the old transformer was moved 1,000 ft (304.8 m). “Hydra-Slide track lengths were leap-frogged ahead to provide for continuous movement with less total track length,” added Thomas Reynolds.The replacement 170,000-lb (77.1-tonne) transformer was subsequently transported from Fond Du Lac to the project site in Madison on an 85-ton (77.1-tonne) capacity trailer.Thomas Reynolds added: “We needed to take the trailer apart just to get into the substation for unloading. The substation was very congested and energised so we unloaded and slid from the trailer onto the new pad. We also needed to rotate the new unit 90 degrees and then went over the new 4 ft (1.2 m)-deep pit and onto the pad for final placement.”www.reynoldstransfer.comwww.hydra-slide.comlast_img read more

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