Equity Office Properties Trust, a Chicago-based owner and manager of office properties, has received a new $1 billion line of credit to replace its expiring $1 billion facility.The real estate investment trust said the terms of the new three-year facility are similar to those of its expiring LOC. Of the 20 banks participating in the transaction, Bank of America and JP Morgan Chase Bank are the co-lead managers, the REIT said. The company can be found online at http://www.equityoffice.com.
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The fintech's Figure Connect private credit loan exchange has grown to account for 56% of total consumer marketplace activity in early 2026.
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However, for the second quarter, increased home purchase mortgage activity contributed to an industry-wide 11% increase in agency securitizations, BTIG said.
July 8 -
OceanFirst Financial worked with an asset manager to apply the structure to a $1.5 billion portfolio of residential mortgages.
July 8 -
President Dhivya Suryadevara is leaving the company shortly after assuming the job, the latest move as the company attempts to recover from an earnings slump.
July 8 -
Counter to prevailing narratives about rules and enforcement activity whipsawing from one administration to the next, public citations by federal banking regulators have steadily declined over the past decade — under both Democratic and Republican administrations.
July 8 -
Flatworld Mortgage Solutions says its former vice president breached his employment agreements by soliciting its customers as he formed a rival offshoring firm.
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