Capital Alliance Income Trust Ltd., a San Francisco-based real estate investment trust, has arranged a two-year, $7.0 million credit facility with Franklin Bank SSB, Houston.The facility has a one-year extension option. It will enable CAIT, a specialty residential mortgage lender, to "pledge its core mortgage portfolio and obtain increased interest rate spreads of approximately 300 basis points" over its existing financing, said Richard Wrensen, the company's executive vice president and chief financial officer. The REIT invests in conforming and high-yielding nonconforming residential mortgage loans on one- to four-unit residential properties, chiefly in California and other Western states. It can be found online at http://www.calliance.com.

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