Health Care REIT, Toledo, Ohio, has replaced its $700 million unsecured credit facility with a $1.15 billion facility.The real estate investment trust said the revolving facility's maturity date was extended to August 2011, with an option to extend it for another year. KeyBank was the joint lead arranger and administrative agent for the modification, and Deutsche Bank Securities was the co-lead arranger and syndication agent. The company also announced that its $40 million line of credit with Fifth Third Bank has been consolidated into the new facility. The REIT can be found on the Web at http://www.hcreit.com.
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Higher costs than expected, not just for the mortgage but for repairs and more, have recent buyers' regretting their purchase, Clever RE and Redfin found in separate reports.
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New guidelines regarding buy-side and sell-side real estate agent compensation are set to go into effect this summer.
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Affordability challenges also have some aspiring homeowners taking second jobs or looking to draw from retirement savings, according to Redfin.
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The lender recorded a $59 million net loss in the fourth quarter, an 83% improvement from its third quarter performance.
March 28 -
Initial analyses of Home Mortgage Disclosure Act data show UWM ahead in 2023 loan numbers and dollar volume, but Rocket's market share still looks competitive.
March 28 -
Last year, the Raleigh, N.C.-based Integrated called off a deal to sell itself to MVB Financial after bank stocks took a hit in the aftermath of the regional bank failures. Capital hopes to expand its government-guaranteed lending with the transaction.
March 28