(Reuters) - NEW YORK, July 20 - Future residents of the
Cottage Gate development in Middletown, New Jersey, may be
surprised to learn their granite countertops and two-car
garages were paid for by a hedge fund.
But after Kara Homes Inc. declared bankruptcy in October,
hedge fund Plainfield Specialty Holdings provided financing to
help the troubled homebuilder keep operating, assuming loans to
pay for the construction of individual houses at Cottage Gate
and elsewhere.
Read more at Reuters.com Bonds News
Cottage Gate development in Middletown, New Jersey, may be
surprised to learn their granite countertops and two-car
garages were paid for by a hedge fund.
But after Kara Homes Inc. declared bankruptcy in October,
hedge fund Plainfield Specialty Holdings provided financing to
help the troubled homebuilder keep operating, assuming loans to
pay for the construction of individual houses at Cottage Gate
and elsewhere.
Read more at Reuters.com Bonds News
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