The company is currently backing large projects such as the 1,794-unit Icon Brickell by the Related Group and the Trump Hollywood condominium project. Lehman granted a $226.5-million construction loan to the 200-unit Trump project in June 2007 for completion next summer.
Local experts told the Miami Herald that the loans will likely be picked up by other lenders without much effect on the projects. However, there is a possibility that bankruptcy dealings could lead to the sale of condo units at well below market value. To read the complete article, click here.
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