The Chicago-based condominium lender Corus Bankshares, Inc. lent money to more than a dozen South Florida condo projects before the real estate bubble burst. With condos sitting and not selling, developers can't repay their construction loans. After reporting a loss of nearly $800 million, Corus faces a possible FDIC take-over. Eight Forty-Eight's
business contributor David Greising
tells us what's in store for the customers and the bank's assets.