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United Capital Buys $60M Note on New Jersey Resort

December 7, 2010

The Asbury Park Press covered the purchase by United Capital Corp., a real estate investment and management firm, of a $60 million mortgage from Barclay Capital Real Estate Inc. for the Ocean Place Resort & Spa located in Long Branch, NJ. The Resort is the premier ocean front hotel in Long Branch and is in the process of a foreclosure.

Eric L. Goldberg, Thomas D. Kearns, Hyman Kindler and Martin S. Cooper comprise the Olshan team representing United.

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