Catchword: scratch and dent loan
Part of speech:
n. The part of speech reflects that used in the
full entry, and not necessarily the part of speech as it is used in the quotation below.
Quotation: A company that invests in high-yield real estate debt is looking to buy loans that have been “kicked out” of commercial MBS deals. Midwest Equities of St. Louis has initially allotted $50 million for the purchase of “scratch and dent” loans.
Article or Document Title:
“Firm Plans to Buy Loan “Kickouts””
Article, document, publication, web site:
Commercial Mortgage Alert
Date of publication:
Aug. 7, 2000
Volume: 7
Number or issue: 31