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NOW THAT THE residential real estate market is showing signs of improvement, banks are suddenly feeling more confident and are granting extensions on construction loans.
Just last week, German-based Bayerische Landesbank gave the developers of 75 Wall St. a two-year extension on their $263 million construction loan. The loan for the financial district condo conversion being done by Hakimian Organization, Peykar Brothers Realty and Gorjian...