Gladstone Commercial Corp., a real estate investment trust based in McLean, Va., has announced the pricing of 1.0 million shares of 7.75% cumulative redeemable preferred stock at a $25 liquidation preference per share.The industrial and commercial REIT said the underwriters of the series A preferred stock have been granted an option to buy up to 150,000 additional shares to cover any overallotments. Ferris, Baker Watts Inc. was the lead underwriter of the offering. The REIT can be found on the Web at http://www.gladstonecommercial.com.
-
The nonpayment rate for non-qualified mortgages is up 21 basis points from February and 134 basis points from March 2023, Morningstar DBRS said.
6h ago -
The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting.
7h ago -
But views are split, at least in the near-term on whether rising mortgage rates are holding back the Spring home purchase season.
8h ago -
The top five producers had an average dollar volume of FHA loans of more than $50 million in 2023.
10h ago -
The tool will provide helpful HELOC-related information to customer support staff to streamline the application process, Figure said Thursday.
April 18 -
The five states with the lowest property taxes have an average effective real-estate tax rate of 0.44%.
April 18