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 change aims to address hurdles in the onboarding process, which many have cited as a point of friction in mortgage servicing.
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The latest postponement comes after a UWM filing states that Two Harbors shareholders are rejecting the deal, with 54% voting no as of June 12.
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Freedom alleged the executive, who was at the company for nine months, used proprietary data to build his own product he expected to net more than $1 million.
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Despite high rates and the "locked-in" effect, many Gen Z and millennial homeowners want to bring down their monthly mortgage payments
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The Senate passed a bipartisan housing package, which includes certain community bank provisions, in an 85-5 vote. The House is set to vote on the package Wednesday.
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Ralo uses artificial intelligence to automate the entire process, saving consumers money by cutting out commissioned loan officers, processors and underwriters.
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