💰New Chapter 11 Bankruptcy Filing - RAIT Funding LLC (f/k/a Taberna Funding LLC)💰

RAIT Funding LLC

August 30, 2019

Philadelphia-based RAIT Financial Trust ($RASF) and six debtor affiliates filed for bankruptcy just before the long holiday weekend on a petition and a petition only (might as well let the professionals enjoy the weekend…the stay is in effect!). The company, an internally-managed REIT focused on managing a portfolio of $1.…