San Francisco Business Times staffer J.K. Dineen reports that as construction gets under way on the first condos at the Hunters Point Shipyard, developer Lennar Corp. snagged a $30 million loan from Pasadena-based East West Bank. While the loan is relatively small in the context of a massive $8 billion project, it is significant because it represents the first commercial lender to finance construction activity at the Shipyard

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Learn more about markets featured in this article: San Francisco, CA.