REIT NorthStar Secures $100M For CMBS Buys
The credit facility has a term of two years, with a one-year extension option, for NorthStar to purchase AAA-rated securities backed by mortgages on commercial real estate, the REIT said in a statement.
“Obtaining this new credit facility emphasizes the strength of NorthStar's existing CMBS platform and our capital markets relationships,” CEO David Hamamoto said. “We are also close to finalizing...
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