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iStar Financial Inc. Message Board

  • rollnon rollnon Oct 28, 2010 3:16 PM Flag

    Miami Condo action:

    A company affiliated with private equity giant Apollo Management bought the troubled mortgage covering the River Oaks Condominium project in Miami.

    The $52.3 million mortgage was sold by iStar Financial on Oct. 18 to AP SC River Oaks, which is part of the Apollo Value Enhancement Fund VII in Purchase, N.Y. The price of the mortgage sale wasn’t disclosed in public records.

    Read more: Apollo fund buys loan on River Oaks condo | South Florida Business Journal