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NEW YORK CITY-Manhattan-based Hudson Realty Capital, in association with the Federal Deposit Insurance Corp., has acquired 109 non-performing commercial property loans last week in an FDIC auction. For the portfolio of loans, the real estate fund manager has paid 18 cents on the dollar.

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


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