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NYC Developer Faces $49M Suit Over Defaulted Condo Loans

By Emma Whitford ( March 24, 2021, 5:15 PM EDT) -- A subsidiary of a Maryland-based real estate investment company is seeking nearly $49 million in damages from HFZ Capital Group, claiming that the New York City developer failed to pay up as the guarantor of loans from 2018 for four ritzy condominium projects in Manhattan....

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