UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
February 18, 2005
GRAMERCY CAPITAL CORP.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
MARYLAND
(STATE OF INCORPORATION)
001-32248 |
| 06-1722127 |
(COMMISSION FILE NUMBER) |
| (IRS EMPLOYER ID. NUMBER) |
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420 Lexington Avenue |
| 10170 |
New York, New York |
| (ZIP CODE) |
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) |
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(212) 297-1000
(REGISTRANT’S TELEPHONE NUMBER, INCLUDING AREA CODE)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01. Other Events
On February 18, 2005, Gramercy Capital Corp. closed on a $36.5 million mezzanine loan in connection with a planned conversion of a commercial property in New York City to residential condominiums and certain other uses. The Company’s investment is secured by a pledge of the borrower’s equity ownership interest in the to-be-converted commercial property. Gramercy Capital Corp.’s investment has an initial term of 20 months and bears interest at a rate of LIBOR plus 1192 basis points.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| Gramercy Capital Corp. |
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| By: | /s/ Robert R. Foley |
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| Robert R. Foley |
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| Chief Financial Officer |
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Date: February 24, 2005
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