bankruptcyMiami Herald
The company is currently backing large projects such as the1,794-unit IconBrickell by the Related Group and the Trump Hollywoodcondominium project. Lehman granted a $226.5-million constructionloan to the 200-unit Trump project in June 2007 for completion nextsummer.
Local experts told the Miami Herald that the loans willlikely be picked up by other lenders without much effect on theprojects. However, there is a possibility that bankruptcy dealingscould lead to the sale of condo units at well below market value.To read the complete article, click here.
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