ATLANTA, Jan. 28, 2016 /PRNewswire/ -- Invesco Mortgage Capital, Inc. (NYSE: IVR) is pleased to announce the closing of a commercial real estate loan investment. IVR provided an approximately $28.0 million mezzanine loan secured by the equity interests in a South Florida retail asset which facilitated a recapitalization of the property. The transaction is structured with a floating interest rate and term of four years.
Commenting on the transaction, Kevin Collins, managing director and head of commercial mortgage credit, said: "We are very pleased to provide financing for another institutional quality retail asset in a great location. We are excited about our strong start to 2016 and plan to continue to be active in sourcing floating rate commercial real estate loan investments with the support of both Invesco Fixed Income and Invesco Real Estate."
About Invesco Mortgage Capital Inc.
Invesco Mortgage Capital Inc. is a real estate investment trust that focuses on financing and managing residential and commercial mortgage-backed securities and mortgage loans. Invesco Mortgage Capital Inc. is externally managed and advised by Invesco Advisers, Inc., a subsidiary of Invesco Ltd. (NYSE: IVZ), a leading independent global investment management firm. Additional information is available at www.invescomortgagecapital.com.
SOURCE Invesco Mortgage Capital Inc.