Entertainment Properties Trust, Kansas City, Mo., has amended its credit facility, increasing it to $200 million and changing several other aspects of the credit line.The real estate investment trust said the three-year facility (with a one-year option to extend) has been converted to an unsecured credit line and bears interest at 130-175 basis points over the London interbank offered rate (compared with 175-250 bps before). KeyBanc Capital Markets acted as the sole lead arranger of the facility. The REIT's website is at http://www.eprkc.com.
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Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
13m ago -
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
2h ago -
Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
2h ago -
While home lenders are seeing a decrease in issues coming through mobile channels, phone fraud spiked last year, accounting for 28% of losses, a new report found.
5h ago -
The massive mortgage business saw a first quarter profit mitigated by nearly $300 million in hedging losses.
April 24 -
The Consumer Financial Protection Bureau has seen excessive property-inspection charges, fees that loan mods should eliminate and improper line-item labels.
April 24