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NEW YORK CITY-The Lightstone Group scored some financing for its planned luxury development that will sit across the street from the new Fulton Center transportation hub in Lower Manhattan, according to Crain’s New York Business.

The developer of the $280 million project, the Lightstone Group, closed on a $43 million construction loan with Banco Inbursa, S.A., a Lightstone spokesman tells GlobeSt.com, and the loan has a one-year term with two one-year extensions. The money is an interim bridge loan, and the developer plans to seek more financing once construction starts

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