Real Estate

Starwood Property Trust to offer 25 million shares

Company plans to use the money to expand into commercial mortgages

Starwood Property Trust (STWD) is offering 25 million shares of its common stock in an underwritten public offering.

The firm plans to use the net proceeds to originate and purchase additional commercial mortgage loans and other target assets and investments. 

Additionally, the company will use part of the net proceeds to cover general corporate expenses, including the payment of liabilities and other working capital needs.

Most Popular Articles

NAR bans “pocket listings”

The National Association of Realtors board of directors voted 729-70 on Monday to ban the controversial practice of “pocket listings.”

Nov 12, 2019 By

Latest Articles

Congressional vote on “de facto QM Patch” postponed

The House Financial Services Committee postponed a vote on H.R. 2445 on Wednesday, a bill that would fix the so-called QM Patch that’s set to expire in early 2021.

Nov 15, 2019 By