Temporary waivers loan-to-value breaches on the rise

By A staff reporter 2009-03-11T00:00:00

A growing number of banks are offering temporary waivers on breaches of loan-to-value covenants, according to Peter Kasch, managing partner of fund manager Catalyst Capital. 'They may ask for additional equity or fees, but most banks are fundamentally cooperative,' he said during an interview at Mipim, the annual real estate ...