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HighCap Sells First Mortgage Note on Crescent Street Bldg

The Crescent Club Note Purchased for $48 Million
By Brandon Norris
August 10, 2011 | 2:29 P.M.

HighCap Group, a Manhattan-based investment sales firm, sold the mortgage note of the 17-story Crescent Club building in Long Island City, NY at a discount from its PAR value of approximately $48 million

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