NEW YORK CITY-Anglo Irish Bank Corp. is making cash by underpricing New York real property assets. It has recently put a $147 million construction loan for Setai Wall Street condo and spa for sale.
The 34-story property, a former office building situated at 40 Broad St. in the financial district, was developed by Zamir Equities. According to court documents, the loan of Anglo Irish is in default. Firms are planning to make offers on the property debt by Tuesday. For the full story, go to Wall Street Journal.
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