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NEW YORK CITY-Manhattan-based Hudson Realty Capital, inassociation with the Federal Deposit Insurance Corp., has acquired109 non-performing commercial property loans last week in an FDICauction. For the portfolio of loans, the real estate fund managerhas paid 18 cents on the dollar.

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The unpaid principal balance on the loans exceeds $102 million.Half of the acquisition was financed by FDIC, and the agency willhold a 60% ownership. The portfolio of loans is extended mostly inGeorgia and Florida. For the full story, go to Crain's New York Business.


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