Developers Afraid to Break New Ground
The Real Deal 2008, April 1
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Publisher Description
Byline: Melissa Dehncke-McGill Lenders looking for a reason to call in defaults? Banks showing up at closings without any money? Fire sales on newly built condos? These are just some of the grim realities that New York City developers are dealing with in this less forgiving economic terrain. Developers interviewed for The Real Deal's Q & A offered up blunt assessments on lending standards to their novice counterparts ("they are done").
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