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ATLANTA, July 7, 2015 /PRNewswire/ -- Invesco Mortgage Capital Inc. (NYSE: IVR) is pleased to announce the closing of a commercial real estate loan investment. IVR provided an approximately $21 million mezzanine loan secured by a pledge of the equity interests in a luxury Florida hotel asset which will facilitate the recapitalization of the property. The transaction is structured with a floating interest rate and a term of three years, with two one-year extension options.
Commenting on the transaction, Kevin Collins, managing director and head of commercial mortgage credit, said: "This marks IVR's ninth direct floating rate financing. We look forward to continuing our search for attractive risk-adjusted unlevered returns in this sector of mortgage market."
About Invesco Mortgage Capital Inc.
Invesco Mortgage Capital Inc. is a real estate investment trust that focuses on financing and managing residential and commercial mortgage-backed securities and mortgage loans. Invesco Mortgage Capital Inc. is externally managed and advised by Invesco Advisers, Inc., a subsidiary of Invesco Ltd. (NYSE: IVZ), a leading independent global investment management firm. Additional information is available at www.invescomortgagecapital.com.
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/invesco-mortgage-capital-closes-on-21-million-mezzanine-loan-300109817.html
SOURCE Invesco Mortgage Capital Inc.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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