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Loan Modification

: Mortgage Lender Implode-o-Meter

General Growth Wins $400 Million Bankruptcy Loan, Use of Cash

By Implode-Explode Heavy Industries

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" General Growth Properties Inc., which filed the biggest real-estate bankruptcy in U.S. history, won court approval of a $400 million loan from a group led by Farallon Capital Management LLC and the right to use cash on hand to fund its operations."

Full post as published by Mortgage Lender Implode-o-Meter on May 14, 2009 (boomark / email).

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