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By Andrew Little

Singer Joni Mitchell wrote and recorded “Big Yellow Taxi” in 1970, which became an anti­growth anthem for many environmentalists with its famed line “they paved paradise and put up a parking lot.”

While she most assuredly wasn’t thinking about lenders of commercial mortgage ­backed securities when she wrote the song, those investors should consider the line “don’t it always seem to go that you don’t know what you’ve got ’til it’s gone” as they tighten the screws on conduit lenders.


Commercial Real Estate – Out of intensive care, but still in recovery