ATLANTA, Jan. 28, 2016 /PRNewswire/ -- Invesco
Mortgage Capital, Inc. (NYSE: IVR) is pleased to announce the
closing of a commercial real estate loan investment. IVR
provided an approximately $28.0
million mezzanine loan secured by the equity interests in a
South Florida retail asset which
facilitated a recapitalization of the property. The transaction is
structured with a floating interest rate and term of four
years.
Commenting on the transaction, Kevin
Collins, managing director and head of commercial mortgage
credit, said: "We are very pleased to provide financing for
another institutional quality retail asset in a great
location. We are excited about our strong start to 2016 and
plan to continue to be active in sourcing floating rate commercial
real estate loan investments with the support of both Invesco Fixed
Income and Invesco Real Estate."
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.