Simon Property Group Inc., an Indianapolis-based real estate investment trust, has invoked the accordion feature of its unsecured corporate credit facility, increasing its revolving borrowing capacity from $3.0 billion to $3.5 billion.The facility will mature in January 2010 and contains a one-year extension option. The base interest rate is 37.5 basis points above the London interbank offered rate, the company said. Simon can be found online at http://www.simon.com.
President Donald Trump said he wouldn't sign the housing bill, which includes several riders aimed at helping community banks, until Congress passes the SAVE Act.
Delayed development pipelines and tradeoffs plague projects as builders look towards creative financing strategies to cope.
Low immigration and fertility rates paired with aging boomers could weaken the foundation of housing demand over the next decade, the MBA finds.
The notice of proposed rulemaking promotes manufactured housing loans backed by personal property while advising the rollback of requirements in other areas.
Five years after the Champlain Towers South collapse, while overall condo sales have held steady, the Miami market has had an 8 percentage point drop in share.
The bipartisan legislation aimed at reducing barriers to new home construction, which included certain community bank riders, passed the lower chamber by a 358-32 vote.
