NEW YORK CITY-Two Staten Island development sites' senior loans are to be seized. Leib Puretz had projected to construct a 164-unit residential condo tower and an outlet shopping center in two different sites.
Garrison Investment Group, the lender of the project, retained Massey Knakal Realty Services to market the loans on the larger property in St. George and on the South Shore. The original loan for the bigger property at the Liberty Towers site was $12.5 million. For the full story, go to Crain's New York Business.
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