LNR Property has $22 billion in commercial mortgages to fix

03/29/2010 | Miami Herald (free registration), The

LNR Property stands at the center of the commercial real estate crisis. The company is working to repair $22 billion in commercial mortgages by negotiating with borrowers or moving to foreclosure to eke some cash out of the soured loans. LNR manages roughly 25% of Wall Street's distressed commercial real estate debt.

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Miami Herald (free registration), The

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