Blend

Latest Posts

Starwood REIT Originates $107.8m in Commercial Mortgages 

Jan 11, 2010By

Starwood Property Trust [stock STWD][/stock] originated three first mortgages for hotel and retail properties and invested about $32m in single-borrower commercial mortgage-backed securitizations (CMBS). The Greenwich, CT-based real estate investment trust (REIT) said the three mortgages have a combined principal of $107.8m and have an expected unlevered return of approximately 11.3% inclusive of fees and a weighted average loan to value (LTV) of approximately 61.5%.

What's New?
Updated 5 hours ago
manage feed