Home Loan Servicing Solutions is selling 12.5 million shares and will grant underwriters a 30-day option to purchase up to an...
AV Homes announced that TPG Capital agreed to make a $135 million investment in the company at a price of $14.65 per share,...
Real estate investment trust Redwood Trust ($18.50 -0.55%)announced the closing of a $291 million securitization of mezzanine loans and commercial real estate debt investments, sponsored by Redwood Commercial Mortgage Corporation.
An aggregate of $172 million of debt was issued with Redwood Trust, retaining the equity interested in the portfolio. The fixed interest rate of the notes was 5.62%.
The notes are rated triple B and triple-B minus by Moody's Investors Service and Kroll Bond Rating Agency, respectively.
The offering of the note was effected in accordance with a private placement. The notes were secured by a portfolio of 30 collateral interests tied to 76 underlying properties including office, hospitality, retail, self-storage, mixed-used properties and multifamily.
Redwood Trust is a publicly traded real estate investment trust. RCMC is a wholly owned subsidiary of Redwood Trust and provides the industry with financing options including mezzanine loans, preferred equity and first mortgages.
Don’t miss out: get HW delivered via email