The <em>New York Post</em> quotes Jon Mechanic on the current state of the commercial real estate market.

The New York Post quotes Jon Mechanic on the current state of the commercial real estate market.

Real estate partner Jon Mechanic comments on the current state of the commercial real estate market in a January 17, 2008 New York Post article, “The Little Engine That Could.”  He says that the well-capitalized players will be more active buyers as opposed to people who relied on third-party money and that “the players may change because there is a lot less debt so the capital stack looks different.”   Mechanic also explains that there are a number of mezzanine funds that have been raised to fill the gap between the debt available from the institutions and the equity available to investors.

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