Private commercial real estate lender IMH Corp. has laid off nearly one-third of its work force since Oct. 13, 2008 and suspended the payout of redemption requests from some investors.
The Scottsdale-based company, which specializes in equity fractions of larger real estate construction and acquisition loans made by other institutional lenders, will make no more loans this year from its only fund, IMH Secured Loan Fund LLC.
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