NYC Developer High Line Mostly Resolves $10M Loan Fight

Law360, New York (August 23, 2012, 3:54 PM EDT) -- High Line Group LLC, developer of a residential property overlooking New York City's High Line Park, and its creditor on a $10.1 million loan told a state judge Thursday that they have mostly resolved their dispute over the loan, saying an impending refinancing would more than cover it.

Attorneys for the creditor, NY Credit Funding I LLC, and the developer told Judge Eileen Bransten during a hearing that a closing on the refinancing was scheduled for September. The new financing will bring in more than enough...
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