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NYC Developer Owes $87M On Defaulted Condo Loans

By Grace Dixon (February 15, 2024, 5:40 PM EST) -- A New York federal judge has ordered HFZ Capital Group to hand over $87 million after a borrower defaulted on four loans guaranteed by the beleaguered development firm, denying its claims that an earlier foreclosure sale satisfying some of the loan was commercially unreasonable....

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