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RAIT Financial Trust Announces New $75 Million Facility with UBS Real Estate Securities, Inc. to Finance RAIT's First Mortgage Bridge Lending Business

February 14, 2014

By a News Reporter-Staff News Editor at Real Estate Weekly News -- RAIT Financial Trust (NYSE: RAS) (" RAIT ") announced that it had entered into a new $75 million facility (the "Facility") with UBS Real Estate Securities Inc. on January 27, 2014 . The Facility will be used to finance RAIT's core commercial real estate bridge lending business. Scott Schaeffer , Chairman and CEO of RAIT , said, "We are very excited about our new relationship with UBS. With the addition of this facility, we now have four facilities in place totaling $475 million in lending capacity consisting of $225 million to finance our investments in bridge loans and $250 million to finance CMBS structured loans." About RAIT Financial Trust RAIT Financial Trust is an internally-managed real estate investment trust that provides debt financing options to owners of commercial real estate and invests directly into commercial real estate properties located throughout the United States . In addition, RAIT is an asset and property manager of real estate-related assets. For more information, please visit www.raitft.com or call Investor Relations at 215.243.9000. Keywords for this news article include: Real Estate, First Mortgage, RAIT Financial Trust . Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2014, NewsRx LLC


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Source: Real Estate Weekly News


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