- Resource Capital (RSO +0.4%) originated five new commercial loans totaling about $116.8M in Q1, and funded $3.7M on existing commitments. Seven loans are currently in process totaling $108.2M, including three expected to close within the next two weeks. RSO has applications in hand for another six new loans totaling $240.2M and a pipeline representing more than $650M of potential investments. The company also purchased $40.8M par value of CMBS during the quarter.
- Among commercial finance deals, RSO invested $37.8M in European CLO equity, expecting an IRR of 21%.
- Press release
From other sites
at Nasdaq.com (Mar 26, 2015)
at Benzinga.com (Jan 6, 2015)
Resource Capital Corp's Series B Cumulative Redeemable Preferred Stock Crosses Above 9% Yield Territoryat Nasdaq.com (Dec 29, 2014)
at Nasdaq.com (Dec 26, 2014)
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