Bloomberg Businessweek

JPMorgan Traders Get Into Property Deals

They’re making risky loans as commercial banks show caution | “A smart lender can step up and find an opportunity”

Real estate developers who can’t get funding from regular bankers at JPMorgan Chase may have another option: JPMorgan’s trading desk.

There, a group of traders that normally makes deals to sell mortgage-backed securities is also directly underwriting loans not suitable for bundling into bonds, such as those for big construction projects, according to people with knowledge of the matter. The desk has been involved in deals to fund Manhattan condominiums and

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