ATLANTA, July 7, 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 $21 million mezzanine
loan secured by a pledge of the equity interests in a luxury
Florida hotel asset which will
facilitate the recapitalization of the property. The transaction is
structured with a floating interest rate and a term of three years,
with two one-year extension options.
Commenting on the transaction, Kevin
Collins, managing director and head of commercial mortgage
credit, said: "This marks IVR's ninth direct floating rate
financing. We look forward to continuing our search for
attractive risk-adjusted unlevered returns in this sector of
mortgage market."
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.