Opps
This week I heard about a reputable TIC sponsor who was syndicating a single-tenant deal where the tenant had shaky credit. The tenant was delisted for poor financial health last week - in the midst of the offering period. I have not heard the status, but this is not good and I am guessing the deal needs to be reworked. This may not be possible in today's tough credit market. I should note that I have seen the offering materials.