Crystal River Reports Second Quarter 2008 Financial Results
Market Wire, August, 2008
During the second quarter, Crystal River sold whole loans for $78.2 million that the Company had designated for sale in the first quarter of 2008. The remaining loans that had been designated for sale in the first quarter were sold in July 2008 for $27.1 million. Also subsequent to the second quarter of 2008, the Company's $9.6 million investment in construction loan Birchwood Acres matured. The investment, which paid off at par, had a floating-rate coupon of LIBOR plus 3.1%.
Real estate loan portfolio at June 30, 2008:
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