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"This decline can be attributed to the lack of availability of debt finances and the fall in prices, which is taking its toll on developers.
The Cruickshank Commission of UK highlighted that intervention of the government in the past meant to stimulate the provision of debt finances had been misdirected.
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Goldman Sachs provided debt financing for the deal.
Debt financing can be fickle in times of trouble.
Small businesses relying on debt financing would also be harmed.
"Debt financing generates welfare by facilitating efficient exit".
(Those numbers exclude any fees from arranging debt financing).
Credit Suisse, the Royal Bank of Canada and Barclays will provide debt financing.
It has hired JPMorgan Chase to line up debt financing.
A number of lenders also offered to provide debt financing.
But, Mr. Marquez said, it is all debt financing.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com