Why float a loan now (that's not in 1st position) on a dying season when you can pick up distressed assets on the cheap later on? These guys aren't (financially) stupid.
Worst case Ontario, you'll have to mingle with the common folk for a season or two while the lawyers battle it out.
Hedge fund managers? No. Which is why I assume they wouldn’t being making these loans out of their own pockets if it is not just wishful thinking of less well off club members