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Magic Loan Gives Nets Financing Hope

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The Orlando Magic will receive a $100 million loan to help it build a new arena, the first major NBA arena financing package since credit markets froze in 2008. The interest rate will be higher, however. One hopeful sign for the Nets: the financing was arranged by Goldman Sachs, the investment bank also seeking financing for the Barclays Center. The Nets have long said they're confident about obaining financing.