ATLANTA, April 29, 2015 /PRNewswire/ -- Invesco
Mortgage Capital, Inc. (NYSE: IVR) is pleased to announce the
closing of a commercial real estate loan investment. IVR
provided an approximately $50 million
mezzanine loan secured by a pledge of the equity interests in a
Class A Atlanta office asset which will facilitate the sponsor's
acquisition of the property. The transaction is structured with a
floating interest rate and a term of two years, with three one-year
extension options.
Commenting on the transaction, Rich
King, president and chief executive officer, said:
"The closing of this floating rate loan marks IVR's fourth direct
institutional quality office property financing. We look
forward to continuing to find attractive risk-adjusted unlevered
returns in this sector of the mortgage market with the support of
both Invesco Fixed Income and Invesco Real Estate
professionals."
About Invesco Mortgage Capital Inc.
Invesco Mortgage
Capital Inc. is a real estate investment trust that focuses on
financing and managing residential and commercial mortgage-backed
securities and mortgage loans. Invesco Mortgage Capital Inc. is
externally managed and advised by Invesco Advisers, Inc., a
subsidiary of Invesco Ltd. (NYSE: IVZ), a leading independent
global investment management firm. Additional information is
available at www.invescomortgagecapital.com.
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SOURCE Invesco Mortgage Capital Inc.