NEW YORK CITY-The New York attorney general's office isreviewing the agreement signed between the principal lender AngloIrish Bank and the developer group headed by Africa Israel USA forhigh-end residential complex Apthorp's condominium conversionplan.
Under the deal, the lender granted approval to the developers touse sales profits of up to $130 million for the renovation andoperation of Apthorp. The developer group has received $323 millionin mortgage loan from Anglo Irish. For the full story, goto Wall Street Journal.
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