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GDANSK, POLAND-Carlton Tel Aviv, a division of the Carlton Group Ltd., has closed a $45 million construction loan to build a 140-unit multifamily complex here. A European banking group provided the loan to an unnamed European developer.

The city, on the Baltic Sea, has been experiencing a high volume of real estate activity due to it being named the home of the coming Euro 2012 Games, said company officials in a statement. A Carlton spokeswoman did not return a call for comment by press time.

According to the statement, the company, notwithstanding the credit market crisis, has been able to access senior financing, mezzanine and equity investors to assist clients in capitalizing on projects. In 2008, the company closed in excess of $4 billion in transactions and is currently executing a multi-billion dollar pipeline of hospitality, office and multifamily acquisition and recapitalization transactions.

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