Strategic Hotel Capital Inc., Chicago, has announced a public offering of 4.0 million shares of its 8.25% series B cumulative redeemable preferred stock.The shares have a liquidation preference of $25 per share. Wachovia Securities is the sole book-running manager of the offering, and Raymond James is the joint lead manager, the company said. The underwriters have been granted an option to buy up to 600,000 additional preferred shares to cover any overallotments.
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The five states with the lowest property taxes have an average effective real-estate tax rate of 0.44%.
2h ago -
Ohio-based Liberty Home Mortgage joins several companies who started using a more modernized FICO credit score for nonconforming mortgage originations recently.
April 17 -
The CFPB has dissolved the Office of Supervision, Enforcement and Fair Lending and eliminated the job of associate director in a move that impacts how it designates nonbanks for supervision.
April 17 -
The plan that the Federal Housing Finance Agency floated calls for Freddie Mac to actively invest in some new closed-end seconds as cash-out refinancing subsides.
April 17 -
The push comes amid what one expert highlighted as lax funding efforts for two Department of Housing and Urban Development grant programs.
April 17 -
Conventional lending drove volumes higher, particularly in the purchase market, the Mortgage Bankers Association said.
April 17