Business News • MarketWire • BRT Realty Trust Obtains New Line of Credit for $25 Million |
BRT Realty Trust Obtains New Line of Credit for $25 Million |
|
|
BRT Realty Trust Obtains New Line of Credit for $25 Million
GREAT NECK, NY--(Marketwire - Jun 23, 2011) - BRT REALTY TRUST (NYSE: BRT), a real estate investment trust engaged in the business of originating and holding for investment senior mortgage loans secured by commercial and multi-family real estate in the United States, announced today that on June 22, 2011, it had closed on a new revolving line of credit with Capital One, National Association, which provides for a maximum availability of $25,000,000. Jeffrey A. Gould, President and Chief Executive Officer of BRT, commented that "this new line of credit gives us additional flexibility and capital to expand our business and better serve our clients."
View More : http://www.marketwire.com/mw/release.do?id=1530903&sourceType=3
|
|
|