LOS ANGELES-George Smith Partners has arranged construction financing for an $11-million condominium project here. It is believed to be one of the first non-recourse loans for condo construction since the economic downturn arrived.
via Los Angeles http://www.globest.com/news/12_617/losangeles/finance/Non-Recourse-Loans-for-Condos-are-Back-334032.html
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