World Trade Center Tower Rides a Muni-Bond Revival

Wall Street Journal -

A tax-exempt bond offering will be used to finance a third World Trade Center Tower, providing an alternative source for construction financing at a time when lenders are still hesitant to lend on speculative projects. “The banks are not in a position to take that risk yet,” according to Chris Haynes. “I just don’t think the market’s there yet.”

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Insider Launches New Firm

Real Estate Weekly -

20-year veteran, Chris Haynes, leaves Bank of America/Merrill Lynch to start his own firm, Broadacre Financial.  “When the market was volatile in 2008 and 2009, a significant number of my banking colleagues changed jobs.  I realized that I had this vast network of former co-workers who were now at all the major [lending institutions].”

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