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2008-11-18 — blogspot.com
he $209 million Westin Portfolio loan and the $125 million loan for Promenade Shops at Dos Lagos ... of loans bundled into bonds are about to default on their debt, according to Credit Suisse Group AG. ... The Westin loan is backed by two hotels located in Tucson, Arizona, and Hilton Head, South Carolina. ... The Promenade Shops are located in Corona, California, one of the regions hardest hit by the worst housing crisis since the Great Depression.
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