American Banker (08/08/08) P. 15; Hochstein, Marc
Three real estate industry veterans have teamed up to launch WLJ Partners, a fund that will invest in nonperforming commercial property loans. The investment fund, which has already raised $200 million, will primarily target loans with balances ranging from $2 million to $10 million. However, some larger purchases are possible under the right circumstances. WLJ is a product of Rick Williamson, a 20-year veteran of FBOP Corp.; past Hypo Real Estate Corp. senior executive Eileen Lyons; and Pyramid Realty Group President Paul Jones.
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