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Criimi Mae Gets Infusion of Cash.(Brief Article)
Criimi Mae has obtained a firm financing commitment from Brascan Real Estate Financial and Bear Stearns and is moving ahead with the restructuring process that was begun earlier this year.
Under the terms of Criimi's agreement with the company, BREF will invest in 10% of Criimi Mae's outstanding common stock as well as up to $40 million ...
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