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NY landlords who can't find buyers turn to borrowing instead
Published Fri, Sep 8, 2017 · 09:50 PM
Washington
AT a time when commercial-property purchases have slowed to a trickle, Manhattan landlords who can't sell are still getting money out of their buildings - by turning to lenders.
A growing chasm between what buyers are willing to pay and what sellers think their properties are worth has put the brakes on deals.
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