Equity tranches in Dallas
I was in Dallas to cover the annual shareholders meeting of Goldman Sachs. I thought I would take a detour from the plush surroundings of Goldman’s offices to a rather different locale; the site of one of the first – and largest – CMBS 2.0 loans to have defaulted. My cab driver eyed me nervously when I said I wanted to stop by this place in North Richland Hills (he later confessed that he thought I was planning to strike a drug deal in the parking lot).
Here’s the story: