Auction for 1330 Avenue of the Americas in New York

    MONTREAL, April 22 /CNW Telbec/ - Otéra Capital announces that it has
completed the UCC foreclosure proceeding of 1330 Avenue of the Americas, a
unique Class A boutique office building located in the heart of the
Rockefeller Plaza district in New York. This is a result of a foreclosure it
undertook as mezzanine lender.

    About Otéra Capital

    Otéra Capital is the subsidiary of the Caisse de dépôt et placement du
Québec that handles all of the institution's real estate financing operations,
offering underwriting, servicing, active management, syndication and
securitization, with various products that include conventional mortgages and
structured products. The Montréal-based Company is active in Canada, the
United States and Europe. Otéra Capital is one of Canada's five main
commercial mortgage lenders and is present on the U.S. market through CW
Capital. Its portfolio at December 31st, 2008, was CDN$ 11.3 billion.

For further information:

For further information: Marie Giguère, Vice-President, Otéra Capital,
(514) 847-2898,

Organization Profile


More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890