CBL & Associates Properties Inc., Chattanooga, Tenn., has reported the completion of a new, unsecured credit facility of up to $400 million.The facility has an initial term of two years, with three one-year extensions at the company's option. It carries an interest rate, depending on leverage, ranging from 100 to 145 basis points over the London interbank offered rate, CBL said. The facility replaces a $130 million unsecured credit line that was to expire in September. The real estate investment trust can be found online at http://www.cblproperties.com.
-
The massive mortgage business saw a first quarter profit mitigated by nearly $300 million in hedging losses.
2h ago -
The Consumer Financial Protection Bureau has seen excessive property-inspection charges, fees that loan mods should eliminate and improper line-item labels.
7h ago -
Michael Tannenbaum, whose experience in the financial services industry spans over 15 years, has a track record of helping companies scale and grow.
9h ago -
A majority of consumers earning more than $100,000 annually said they were concerned about their own ability to purchase a home, demonstrating how affordability issues are impacting those at many socioeconomic levels, the University of Michigan study found.
11h ago -
The nonbank's results add to other indications that the first quarter's "higher for longer" rate scenario had an upside for efficient servicing operations.
11h ago -
The latest rate increases contributed to a 1% drop in purchases from the previous week and 15% annually, according to the Mortgage Bankers Association.
April 24