BioMed Realty Trust Inc., a real estate investment trust based in San Diego, has amended its credit facilities to reduce its borrowing rates and boost its credit line.The borrowing rate under a $250 million secured term loan was reduced by 60 basis points, and the borrowing limit under its unsecured revolving line of credit was raised from $500 million to $600 million, the REIT said. KeyBank NA was the administrative agent and lead arranger for both facilities. BioMed, which specializes in providing real estate to the life science industry, can be found online at http://www.biomedrealty.com.
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The Bureau of Economic Analysis' personal consumption expenditures inflation report for May showed that inflation had risen 4.1%, meeting elevated expectations and casting further doubt on the prospects of near-term interest rate cuts from the Federal Reserve.
59m ago -
Critics of the OCC's broad preemption stance say the OCC is resurrecting an approach Congress curtailed after the financial crisis, setting up another Supreme Court test over the balance between federal banking powers and state consumer protections.
3h ago -
There's broad support for the effort to reduce costs and processes, but the Appraisal Institute warns about reducing property valuation quality control checks.
June 24 -
Foundation had introduced Version 3 of its credit risk model, using the most recent delinquency data, to improve loan performance predictions.
June 24 -
Fannie Mae's conservator is supporting the government-sponsored enterprise's test within certain boundaries, according to a recent social media post.
June 24 -
The Senate Banking Committee is slated to consider Christopher Phelen to be the chair of the Council of Economic Advisers on Thursday. Phelen has said in past academic papers that fractional reserve banking is "highly problematic."
June 24











