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The top 10 manhattan loans recorded in January totaled just over $2.9 billion. The new $410 million loan replaces a $350 million construction loan on the property from 2016, provided by Blackstone.
quickens the clean-up of its lenders. Moody’s Investors Service to Credit Suisse Group AG. warned that more loans may sour in.
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Mill Creek Residential has snagged a $55 million construction loan from Citizens Bank to fund construction of an apartment.