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Gramercy Capital Settles $175M Loan At Discount
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GKK
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NEW YORK (AP) — Gramercy Capital Corp., a commercial real-estate finance company, said Thursday it paid off a $174.6 million KeyBank loan at a discount.
The New York-based company said it paid $45 million and agreed to pay an additional $15 million over time.
Last month, the company satisfied all of its obligations under a $9.5 million master repurchase facility with JPMorgan Chase Bank by paying $1.9 million, it said. JPMorgan agreed to assume full ownership and control of the related loan asset. ...
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