LNR is the most powerful company in Miami Beach. The company deals with distressed properties. They give loans to save real estate and sell properties as bonds to investors all over the world. They say that the firm obtains about 25% of all Wall Street’s distressed real estate. The company is mostly busy in negotiating with borrowers how to make the loan more attractive and to get as much cash as possible from them. They are ready to work with bad properties in Miami Beach area and thus the amount of work is increasing. They already have the collection of bad loans – including a number of clubs and hotels in South Beach territory.
Authorities all around the country say that the firm is trying to save the country form the mess and that they are doing great job to improve the conditions of many citizens and allow them to buy property.
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