It has taken years to mop up the flood of distressed assets and troubled commercial real estate loans that hit the market in the wake of the recession. Although the clean-up is by no means complete, it is definitely moving closer to that end goal.
“Based on raw data, clearly a lot of the troubled assets have been cleared up and resolved,” says Steven Schultz, executive managing director with the loan sale advisory group at NGKF Capital Markets in New York
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