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re: A debt 'time bomb' looms for New Orleans' downtown office market
Posted on 3/21/24 at 9:39 am to TigerBlood17
Posted on 3/21/24 at 9:39 am to TigerBlood17
quote:
Most Lenders do a 5-year ballon note for commercial real estate, essentially requiring them to refinance every 5 years.
“I think it is called a balloon payment because the money was going to fall into his lap from a hot air balloon because he sure as frick didn’t have it.”
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