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Madison Realty Capital.


Madison Realty Capital is pleased to announce the following transactions:

* A $17.8 million loan for the construction of a condo development in New Bern New Bern, city (1990 pop. 17,363), seat of Craven co., E N.C., a port and trading center at the junction of the Neuse and Trent rivers; inc. 1723. There is lumbering and food processing, and textiles and clothing, pharmaceuticals, asphalt, metal and plastic products, , N.C.;

* A $7 million loan to assist with an upscale residential development in East Hampton East Hampton or its variants is the name of several places in the United States:
  • East Hampton, Connecticut
  • East Hampton (town), New York
  • East Hampton (village), New York
  • East Hampton Hospital Trust, the setting for the British sitcom Green Wing
, N.Y.;

* A $1.1 million refinance Refinance

1. When a business or person revises their payment schedule for repaying debt.

2. Replacing an older loan with a new loan offering better terms.

Notes:
When a business refinances they typically extend the maturity date.
 and cashout on light industrial space in Brooklyn, N.Y.;

* A $2.65 million loan for commercial space in Panama City Panama City, city (1990 pop. 34,378), seat of Bay co., NW Fla., on St. Andrews Bay; inc. 1909. A Gulf Coast resort with amusement parks and excellent fishing, it is also a port of entry. The city's industries produce paper, clothing, and chemicals. , Fla.;

* A $1.9 million acquisition loan on a Holiday Inn in Bay City, Mich.;

* A $1.2 million loan to refinance and improve a tennis/country club in Augusta, Ga.
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Title Annotation:FINANCE
Publication:Real Estate Weekly
Date:Feb 15, 2006
Words:100
Previous Article:Greystone Servicing Corporation, Inc.(FINANCE)
Next Article:Palisades Financial has provided a $1.7 million first mortgage to Red Rock Land Development.(FINANCE)
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