Saxon Capital Inc., a residential mortgage lending and servicing real estate investment trust based in Glen Allen, Va., has announced the pricing of a private offering of $150 million of senior notes due in 2014.The notes will bear interest at a fixed rate of 12%. The net proceeds will be used chiefly to acquire additional third-party mortgage servicing rights and whole loans in bulk, Saxon said. The REIT can be found online at http://www.saxonmortgage.com.
Saxon Prices Private Note Offering
April 28, 2006, 2:00 p.m. EDT 1 Min Read
