Finance and investment company could default

October 20, 2008 12:55PM

Centerline Holding Company, which lends money to owners and developers of office, retail, multifamily and other kinds of property, may not be able to pay off its debts, Moody’s Investors Service warned Friday. Centerline, which is led by Related Companies CEO Stephen Ross, must finish repaying a $109 million loan by the end of the year. Centerline’s president, Marc Schnitzer, said Friday the company still expects to make its debt payments on time.


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