BRT Apartments Corp. Secures $71.9 Million Mortgage Refinancing
I'm PortAI, I can summarize articles.
BRT Apartments Corp. has refinanced three mortgages totaling $42.7 million with new mortgage debt of approximately $71.9 million. The new debt has a weighted average term of nine years and an interest rate of 4.95%. $17.5 million of the proceeds were used to pay off the credit facility balance. This move strengthens BRT's financial position and supports future investments in Sunbelt markets.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments