The Real Deal New York

Corrections and Clarifications

February 18, 2009 05:02PM

The Web article Riverton Auction Canceled, published February 17, said
German American Capital had called for the foreclosure scheduled for
February 20, which it had not. The foreclosure auction for the $25
million mezzanine loan was called for by Realty Finance Corporation.
German American Capital was the originator on the $225 million first
mortgage, but after the loan was transferred to a commercial
mortgage-backed security, it was in the trusteeship of Wells Fargo
Bank. Wells Fargo Bank filed in February to foreclose on the property.

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