Winthrop (FUR) Receives $39.6 Million in Proceeds From Satisfaction of Two Loan Investments
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Winthrop Realty Trust (NYSE: FUR) announced that its loan receivables relating to 160 Spear, San Francisco, California mortgage and mezzanine loans and the Magazine multi-family mezzanine loan portfolio have been satisfied. Winthrop received total proceeds net of accrued interest of $39.6 million upon satisfaction of its outstanding investment in these loans, which was $25.6 million.
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