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New York Archdiocese gets $100 million loan to pay abuse survivors

(CNN) -- The Archdiocese of New York is using its Manhattan property to file for a $100 million loan to cover the costs due to sexual abuse survivors.

The Roman Catholic archdiocese announced it would mortgage the land under the Lotte Palace Hotel and the Villard Mansion, near the landmark St. Patrick's Cathedral, according to a spokesman.

The $100 million, short-term loan will go toward the Independent Reconciliation and Compensation Program, which was set up by Cardinal Timothy D

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