2012-12-12bloomberg.com

Lennar Corp. (LEN) has agreed to a $1.7 billion loan from China Development Bank that would resurrect two San Francisco residential projects, a person with direct knowledge of the matter said.

The loan from the Beijing-based bank would fund an estimated six years of construction at the Hunters Point and Treasure Island development sites, said the person, who asked not to be named because the information was private


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