bankruptcyMiami Herald

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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.

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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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