Republic Property Trust, a Washington, D.C.-based real estate investment trust, has announced the closing of a $150 million secured revolving credit facility by its operating partnership, Republic Property LP.The company said the principal amount may be increased by as much as $100 million under certain conditions. Borrowings will bear an interest rate of either 155-190 basis points above the London interbank offered rate or 0-50 bps above a base rate equal to the prime rate or the federal funds rate (whichever is greater). KeyBank NA was the administrative agent for the facility, and KeyBanc Capital Markets acted as the sole lead arranger.
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In an interview, Candor Technology's Sara Knochel recounts how she applies her childhood interest in languages and numbers to crucial home lending issues.
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Harmonizing standards for liquidity coverage ratios and discount window pledges could prevent the type of strains that led to last year's bank failures, according to a new paper whose authors include former Federal Reserve Govs. Dan Tarullo and Jeremy Stein.
March 27 -
The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.
March 27 -
The lender accused its former leader of compromising its Fannie Mae seller/servicer number to prevent it from delivering loans.
March 27 -
Equity is entitled to a little over $70,000 worth of damages.
March 27 -
Audited financials, proof of fidelity bonds and errors and omissions insurance must be provided on Ginnie Mae Central after May 13.
March 27