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Judge Rules in Favor of Lenders Seeking $389 Million for American Dream Loans

Financiers Claim They Are Owed Money for Defaulted Debt
American Dream features a luxury wing called The Avenue. (James Leynse/CoStar)
American Dream features a luxury wing called The Avenue. (James Leynse/CoStar)

A group of junior lenders to the American Dream megamall won a court victory this week when a judge ruled they have the right to collect at least $392 million in defaulted debt for the development.

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News | Judge Rules in Favor of Lenders Seeking $389 Million for American Dream Loans