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Increasingly, lenders. and New York, and some banks in Europe say they are reluctant to build up more exposure to a single company. Its business model- locking in space on long-term leases, then.
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Politicians in New York and New Jersey. None required federal loans. Neither Gov. Cuomo nor Gov. Murphy has programmed significant funding in their current budgets toward local share for Gateway.
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Although the loans were issued by a bank, it was mostly nonbank money. hard hit by the increase in competition, industry sources said. “For us, it’s a complicated market to maneuver [in],” said.