Friday, August 24, 2007

Developers a-callin' on private-equity firm

August 23 - IndyStar.com - The subprime mortgage collapse. Shrinking credit. Stock market angst.

For many investors and real estate developers, the news lately hasn't been good. But for others, including private-equity firms such as D.W. Funke Investments, the housing market's losses have been their gain.

"We are in high-growth mode," said David W. Funke, president and chief executive of the Carmel-based investment company.

"Because of what's happening with the subprime collapse and the shaking up of the capital markets, generally all we have to do is respond to the phone calls coming in" from commercial real estate brokers, bankers and developers, he said. Read More.

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