Experts discuss financing options in credit crunch

03/27/2008 | Commercial Property Executive

Life insurance companies and commercial banks are the most viable options for lending money in today's market, Rick Lechtman, director of The Ackman-Ziff Real Estate Group LLC, told Commercial Real Estate Due Diligence conference in New York City on Wednesday. Lechtman spoke on a panel aimed at clarifying deal financing in the current credit crunch. Lechtman noted that most lenders are pulling back from financing hotel deals.

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