News

Otéra to sell its stake in CW Financial Services to Fortress Investment Group LLC

Montréal, July 1 2010 -Otéra Capital announced today, that it has agreed to sell its U.S. subsidiary CW Financial Services for an undisclosed amount. Terms of the transaction were not disclosed, and the closing of the transaction is subject to regulatory approvals and closing conditions and is expected to be completed during the third quarter of this year.

About Otéra Capital

Experts in commercial real estate debt

Otéra Capital, as principal lender, offers a full range of commercial real estate financing; our integrated approach covers both term and construction loans, together with loan servicing and asset management. Otéra is also capable of leveraging an extensive range of products including syndications and securitizations. We are a subsidiary of the Caisse de dépôt et placement du Québec, one of the leading institutional fund managers in Canada.
 

Source and information

François Gaboury | Director External Communications | Otéra Capital | (514) 847-5948 |fgaboury@oteracapital.com