just before the gfc alot of reits LVR was around 50 -60%..
then gfc came and blew them out to 80% and above..with some underwater. (Over 100%)
i wouldn't worry much about the details of individual assets as they are usually cross securitized. The main thing is LVR and CAP rates.
just before the gfc alot of reits LVR was around 50 -60%..then...
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