|
The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Opus Bank Provides $20MM Revolver to Owens Realty Mortgage
|
Lenders/Participants
|
Opus Bank [Lender]
|
|
Structure
|
Revolver
|
|
Amount
|
$20.000
Million
|
|
Borrower(s)
|
Owens Realty Mortgage, Inc.
|
|
Description
|
New revolving line of credit with maximum borrowings of $20MM or such lesser amount as may be determined pursuant to the borrowing base calculations as described in the related agreements. The line of credit will be secured by certain assets of ORM, including certain real property assets of the Company and a collateral interest in mortgage loan promissory notes issued by the Company in the ordinary course of business. Advances on the line may be made through April 1, 2016 and all amounts are due no later than April 1, 2017.
|
|
Industry
|
Real Estate
|
| Related Tags |
Opus Bank
|
ABL Advisor
Deal Tables
2025
|
|
|
|