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On March 5, 2010, Centerline Holding Company (“Centerline”) completed a series of transactions with Island Capital Group LLC (“Island Capital”) and Centerline’s creditors and preferred shareholders. The transactions eliminated a major portion of Centerline liabilities and contingent exposure, and restructured all of Centerline’s outstanding debt. Centerline also sold its real estate debt fund management and commercial mortgage loan servicing businesses to an affiliate of Island Capital, C-III Capital Partners LLC (“C-III”). The Company’s March 8, 2010 press release and March 11, 2010 Form 8-K filling with the Securities and Exchange Commission describing these transactions can be found under the News and SEC Filings links on this page.
Centerline Capital Group, a subsidiary of Centerline Holding Company (OTC: CLNH), provides real estate financial and asset management services, with a focus on affordable and conventional multifamily housing. We offer a range of debt and equity financing and investment products to developers, owners and investors.
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