REAL ESTATE
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Debbie Reynolds Secures Loan: Las Vegas property owned by the entertainer received a $10-million loan commitment from CS First Boston, rescuing Debbie Reynolds Hotel & Casino Inc. from the edge of bankruptcy. The loan, a new first mortgage, would replace an existing mortgage held by Bennett Management & Development Corp. and would enable the 193-room hotel to pay off unpaid bills of more than $3.5 million. Todd Fisher, the company’s chief executive and Reynolds’ son, said the loan is also a big boost to the company’s effort to win a gaming license; the hotel has no casino now. The loan is conditioned on the property being appraised at $20 million and is expected to close within 20 days, Fisher said. Debbie Reynolds is company chairwoman and controlling shareholder.
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