The money is for victims of clergy sexual abuse.
A
spokesman for the Roman Catholic archdiocese says the mortgage would be
for one year to start paying 144 people who had previously complained
of abuse.
Church
officials also are fielding new claims from 26 additional alleged
victims.
They have yet to determine how many people eventually will come forward.
They have yet to determine how many people eventually will come forward.
Spokesman Joseph Zwilling says once a final number has been determined church officials will seek a longer-term loan.
The land being mortgaged is on the site of a luxury hotel on Madison Avenue.
U.S. Catholic leaders have grappled with a clergy sexual abuse crisis since 2002.