Behringer Harvard, a Dallas-based commercial real estate company, has closed on a $500 million secured credit facility on behalf of Behringer Harvard REIT I Inc.The deal includes a $200 million term loan and a $300 million revolving credit facility, each with a three-year term and a one-year option, the company said. KeyBanc Capital Markets and Wachovia Securities were the co-lead arrangers of the transaction. The company can be found on the Web at http://www.behringerharvard.com.
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The Federal Housing Administration, the Department of Veterans Affairs and the Federal Housing Finance Agency have started gathering data and analyzing how climate risk will impact the housing ecosystem.
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A special committee is exploring any possible structural "strategic alternatives," which would be aimed at increasing shareholder value, the real estate investment trust said.
April 22 -
An insurance-indexed debt-to-income ratio could help mitigate borrowers' rising premiums, and help maintain a healthy servicing portfolio, experts said.
April 22 -
But the number of properties whose mortgage is more than 90 days late is at its lowest since 2006, ICE Mortgage Technology said.
April 22 -
Industry leaders expressed a high degree of satisfaction with technology in use, but also said a product's cost is the most important criteria for them when partnering with vendors, according to Fannie Mae research.
April 22 -
The top five loan officers produced an average of 628 loans in 2023.
April 22