Financial Services Industry
Industry: Email Alert RSS FeedREIT Bypasses Securitization for Bank LINE
Commercial Mortgage Alert, March, 1995
Developers Diversified Realty Corp., an Ohio shopping-center REIT, has decided against using the commercial MBS market to raise debt.
Instead, the company is arranging a $150 million unsecured credit facility with First National Bank of Chicago and First National Bank of Boston.
The REIT's debt needs would have been well-suited for the commercial MBS market a year or two ago. But the company's decision to go with a bank line of credit reflects two new trends: (1) the movement away from secured financing by real estate companies with investment-grade ratings and (2) the increasing competition that underwriters are facing from traditional lenders that have returned to the market.
Developers' three-year revolving facility will largely, or possibly...
Brought to you by CBS MoneyWatch.com
- Best- and Worst-Paid College Degrees
- 6 Things You Should Never Do on Twitter or Facebook
- How Much Sleep Do You Really Need?
- 6 Big Myths about Gas Mileage
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- LIFO vs. FIFO: a return to the basics
