[Mouton]

I wonder what banks are holding the paper on those condos??

My guess is they are underwater financially and perhaps physically now.

[Presbyterian Reporter]

“””I wonder what banks are holding the paper on those condos??

My guess is they are underwater financially and perhaps physically now.”””

---

The banks are not worried. Now, the condo owners that is another story.

[PAR35]

My guess is they are underwater financially and perhaps physically now.

A few hundred securitized loans aren't going to be a blip on the balance sheet of a megabank.

The building that partially collapsed had 342 units. Average sales price per unit over the last 12 months was $736,250. https://www.miamiresidence.com/surfside/champlain-towers.htm