Corporate Office Properties Trust, a real estate investment trust based in Columbia, Md., has announced the closing of a $300 million unsecured revolving credit facility to replace its $150 million secured revolver.The pricing of the new three-year facility is based on the company's leverage, with an initial price of 140 basis points over the London interbank offered rate. The facility has a one-year extension option. Wachovia Securities Inc. and KeyBanc Capital Markets were the joint lead arrangers of the facility. COPT can be found online at http://www.copt.com.
-
The lender recorded a $59 million net loss in the fourth quarter, an 83% improvement from its third quarter performance.
March 28 -
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.
March 28 -
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.
March 28 -
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.
March 28 -
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