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In early June, New. lender Josh Zegen got a tip that Lou Ceruzzi was looking for a massive construction loan to fund his 72-story luxury condo tower at 138 East 50th Street. The structure already.
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Now, the nation’s shadow-lending industry, which accounted for nearly four out of every 10 consumer loans in the last three years, has grown more cautious about extending new credit amid. are.