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| Toll Brothers' Gibraltar to acquire real estate loan portfolios Gibraltar Capital and Asset Management, LLC ("Gibraltar"), a wholly owned subsidiary of Toll Brothers, Inc., today announced the closing of three private transactions with large financial institutions. The transactions involved the purchase of 38 non-performing loans, the combined outstanding balance of which is approximately $71.4 million. The assets are located in six states and the average loan balance is approximately $1.9 million. The portfolios include residential acquisition, development, and construction loans secured by properties at various stages of completion. write your comments about the article :: © 2011 Construction News :: home page |