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Claros Mortgage lifts warehouse line additional $250 million
Chicago, March 10 – Claros Mortgage Trust Inc. raised its warehouse facility on March 7 with Wells Fargo Bank, NA to $750 million, an additional $250 million, according to an 8-K filing with the Securities and Exchange Commission.
The master repurchase and securities contract can be repaid and redrawn during the life of the facility.
Claros Mortgage Trust is a New York-based commercial mortgage real estate investment trust with a focus on lending on large scale, transitional assets.
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