Customers Bancorp (CUBI) committed $25 million to Southern Realty Trust's senior secured revolving credit facility, Southern Realty Trust said late Thursday.
The expanded revolving credit facility's total committed capital now stands at $125 million, according to a statement.
Proceeds will be used to finance Southern Realty's originations across its commercial real estate markets, fund future draws, and manage liquidity tied to portfolio growth, Southern Realty Trust said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments