Managing Risk – IM Skaugen Re-finances Bond

Without a doubt, the management of risk is going to be a recurring theme going forward and rightfully so with loans amortizing and balloons coming due in challenging market conditions. The banks’ reducing capacity to lend, whether through capital issues or liquidity, compounds this issue mightily. Then, of course, there is the wild card of sticky ship values, which remain disconnected from earnings, very strange for an income producing property.

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