Profitable real estate finance company Starwood possessions Trust said Monday it has lined up $275 million in finance for credit purchases.
The real estate speculation trust closed on a $150 million storehouse financing facility with Goldman Sachs Mortgage Co. that's due December 2012 and a $125.2 million asset-based credit harmony with Bank of America.
Starwood said it will use the capability to finance its attainment or beginning of commercial credit loans.
The credit conformity comes due December 2013, but may be comprehensive for a year.
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