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1. BofA Gets Tough. PNC Doesn't. Why?

Author

Eckblad, Marshall

Subjects
*COMMERCIAL real estate
Abstract

The article discusses developer Larry Freed's dealings with creditors on two separate commercial real-estate projects on the same street in Chicago, Illinois. On one project, Bank of America Co. is seeking foreclosure due to Freed's refusal to contribute more capital. With the other project, PNC Financial Services Group Inc. and Freed have negotiated new terms for repayment of the bank's $170 million loan.

Published
2010

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