ATLANTA, April 29, 2015 /PRNewswire/ -- Invesco Mortgage Capital, Inc. (NYSE: IVR) is pleased to announce the closing of a commercial real estate loan investment. IVR provided an approximately $50 million mezzanine loan secured by a pledge of the equity interests in a Class A Atlanta office asset which will facilitate the sponsor's acquisition of the property. The transaction is structured with a floating interest rate and a term of two years, with three one-year extension options.
Commenting on the transaction, Rich King, president and chief executive officer, said: "The closing of this floating rate loan marks IVR's fourth direct institutional quality office property financing. We look forward to continuing to find attractive risk-adjusted unlevered returns in this sector of the mortgage market with the support of both Invesco Fixed Income and Invesco Real Estate professionals."
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.