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BRIEF-Exantas Announces Acquisition Of $197 Mln Portfolio Of Floating-Rate Commercial Real Estate Mortgage Loans

Reuters logo Reuters 5/30/2019

May 29 (Reuters) - Exantas Capital Corp:

* EXANTAS CAPITAL CORP. ANNOUNCES ACQUISITION OF A $197 MILLION PORTFOLIO OF FLOATING-RATE COMMERCIAL REAL ESTATE MORTGAGE LOANS FROM C-III COMMERCIAL MORTGAGE

* EXANTAS CAPITAL CORP - ACQUISITION ALLOWS EXANTAS TO DEPLOY AVAILABLE CAPITAL AND IS IMMEDIATELY ACCRETIVE TO CORE EARNINGS

* EXANTAS CAPITAL - TERMS OF DEAL APPROVED BY BOARD BASED ON APPROVAL, RECOMMENDATION OF SPECIAL COMMITTEE COMPRISED ENTIRELY OF INDEPENDENT DIRECTORS

* EXANTAS CAPITAL CORP - EXANTAS'S COMMERCIAL REAL ESTATE LOAN PORTFOLIO SIZE FOLLOWING TRANSACTION IS APPROXIMATELY $1.9 BILLION Source text for Eikon: Further company coverage:

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