Reported 1 day ago
Billionaire Charles Cohen is being sued by Fortress Investment Group following a default on a $535 million loan, jeopardizing his luxurious assets including multiple properties and luxury vehicles. His case highlights the risks associated with leveraging debt in real estate, emphasizing that while the industry offers wealth-building opportunities, it also carries the potential for significant financial pitfalls, especially amidst high interest rates and market challenges.
Source: YAHOO