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| | Hedge Funds Sprout in Gaps in Real-Estate Lending (New York Times)
With money still tight, investors in real estate are forced to turn to hard-money lenders, who charge high interest for short-term loans. More often than not these days, those lenders are hedge funds, according to The Wall Street Journal.
Real Estate Mogul Charged in $17M Fraud Scheme (1010 WINS New York)
A one-time hotshot manager and investor in the Manhattan real estate market was arrested Wednesday on charges he cheated banks, family members and other victims out of more than $17 million.
Real estate investment firms combine (BizJournals)
Miami-based NAI Miami Commercial Real Estate Services Worldwide is absorbing the real estate investment sales group of a Los Angeles-based real estate company with fledgling operations in Miami.
Five X Securities goes after real estate investments (BizJournals)
A former executive at NFP Securities has created a new local real estate securities firm, Five X Securities.
2 charged in $30M real estate fraud in B.C. (CBC)
Two Vancouver men have been arrested and charged following complaints of fraudulent real estate transactions totalling more than $30 million, police said.
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