CapitalSource, a Chevy Chase, Md.-based real estate investment trust, has priced a privately placed securitization of $782.25 million of debt.The proceeds from the offering, CapitalSource Commercial Loan Trust 2006-1, were used to repay borrowings under some of its credit facilities, the company said. The interest rates on the different classes of the offering range from 12 basis points above the one-month London interbank offered rate to LIBOR plus 130 bps. CapitalSource retained 8.5% of the pool, which consisted of senior and subordinated commercial loans from the company's portfolio. CapitalSource can be found online at http://www.capitalsource.com.
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The lender recorded a $59 million net loss in the fourth quarter, an 83% improvement from its third quarter performance.
10h ago -
Initial analyses of Home Mortgage Disclosure Act data show UWM ahead in 2023 loan numbers and dollar volume, but Rocket's market share still looks competitive.
11h ago -
Last year, the Raleigh, N.C.-based Integrated called off a deal to sell itself to MVB Financial after bank stocks took a hit in the aftermath of the regional bank failures. Capital hopes to expand its government-guaranteed lending with the transaction.
11h ago -
The pending end of the program comes as over half of U.S. states have already ceased accepting new applicants for federal aid aimed to help struggling households with mortgage payments.
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But the 30-year fixed rate mortgage is still near 7%, and that remains the overhang on the housing market, Freddie Mac said.
March 28 -
Mortgage payments rose 10% year-over-year to an all-time high for March, Redfin said.
March 28