COMMERCIAL REAL ESTATE
Untitled Page
Grubb & Ellis, continued ...
Under the new structure, the $67.3 million maximum aggregate credit
facility includes a $29.3 million revolving line of credit and a $38
million term loan.
"We are pleased that we have been able to
amend our credit facility, particularly in the current environment,
which we believe is an endorsement of the company's strength,
resilience and growth strategy," says Gary H. Hunt, the company's
interim CEO.
The facility will remain in effect until March 31,
2010, and may be extended until January 5, 2011 under certain
conditions, subject to early termination in certain circumstances.
<< PREVIOUS PAGE
Related headlines
Voit directs sale of 47,815-square-foot property in Irvine
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‘OC METRO Minute,’ May 20: O.C.’s median home price drops slightly in April
Grubb & Ellis, continued ...
Under the new structure, the $67.3 million maximum aggregate credit
facility includes a $29.3 million revolving line of credit and a $38
million term loan."We are pleased that we have been able to amend our credit facility, particularly in the current environment, which we believe is an endorsement of the company's strength, resilience and growth strategy," says Gary H. Hunt, the company's interim CEO.
The facility will remain in effect until March 31, 2010, and may be extended until January 5, 2011 under certain conditions, subject to early termination in certain circumstances.
<< PREVIOUS PAGE
Related headlines
Voit directs sale of 47,815-square-foot property in Irvine
‘OC METRO’ Minute,’ May 26: Construction sector sees continued losses
‘OC METRO Minute,’ May 20: O.C.’s median home price drops slightly in April
