U.S. Real-Estate Investors Turn to Israel for Cash

U.S. debt markets are booming and companies from Apple Inc. to Union Pacific Corp. are borrowing money at historically low rates. So why are some of New York’s biggest real-estate investors heading to Israel to raise cash? Israel, it turns out, offers some key advantages. Large developers with good credit can sell corporate bonds for about 5%, often less than half what they would pay in the U.S. for a junior loan known as mezzanine debt. They also can issue debt in smaller chunks.

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