American Financial Realty Trust, Jenkintown, Pa., has completed the sale of $300 million in 4.375% convertible senior notes due 2024.The real estate investment trust said the net proceeds will be used chiefly to acquire properties. One of the initial purchasers has been granted a 45-day option to buy an additional $85 million of the senior notes, the REIT said. American Financial Realty Trust can be found online at http://www.afrt.com.
A tour of the technology that banking has run on, dating back to Franklin's anti-counterfeit measures and the bank-note bulletin that preceded American Banker.
Issuances of new HECM-backed securities dropped off in June on both a monthly and yearly basis, according to a new report from New View Advisors.
The vote to approve the $12 per share deal, which rejected a hostile bid from UWM Holdings, came following several postponements of a special meeting.
A mortgage customer claims his data was compromised in a hack last year at a tax and accounting firm reportedly used by the wholesale giant.
The government-sponsored enterprise clamped down on project review requirements and certain factory-built home appraisals while loosening other guidelines.
The June jobs report is creating an overhang on economist forecasts for interest rates going forward, especially when combined with recent inflation data.
