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Quadra Files IPO

NEW YORK CITY-The real estate finance company has filed with the SEC to sell shares on the stock exchange

By Katie Hinderer | Updated on November 13, 2006

(To read more on the debt and equity markets, click here.)

NEW YORK CITY-Quadra Realty Trust Inc. filed an SEC registration last Thursday to go public. The commercial real estate finance company invests in commercial mortgage investments such as construction loans, mezzanine loans, bridge loans and floating rate whole loans. The filing calls for an estimated $250-million offering amount although it did not specify the number of shares to be sold nor the price range.

In the filing, Quadra says it does not know the effect the sale of common stock would have on the market price of the stock, as these shares have not previously been listed on the stock market. Prior to filing the company had 100 shares of outstanding common stock.

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