Daily News: April 5, 2013

Wells Fargo Upsizes Resource Capital RE Facility

Resource Capital announced it has entered into an amendment of its existing commercial real estate credit facility with Wells Fargo Bank.

The amendment increases the size of the facility to $250 Million and extends the current term of the facility to February of 2015 and provides two one year extension options at RSO’s discretion. The credit facility will continue to be used to finance the company’s core commercial real estate lending business, floating rate whole loans, on lightly transitional properties nationwide.