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Browsing Tag »Gramercy Park North«

No Collateral On Jon Asgeir’s $24 Million Apartment →  August 1, 2009 1

Attention all mortgage seekers. Baugur chief Jon Asgeir Johannesson borrowed $24 million from Landsbankinn to buy an apartment at Gramercy Park North in New York without any collateral. Stunned foreigners must scratch their head when they realize that the owners of each Icelandic bank, didn’t just borrow a whole hell of a lot of money [...]

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