Winthrop Realty Trust Makes $17.6 Million Participating First Mortgage Loan
21 Giugno 2007 - 11:16PM
PR Newswire (US)
BOSTON, June 21 /PRNewswire-FirstCall/ -- Winthrop Realty Trust
(NYSE:FUR) today announced that it has made a $17.6 million one
year first mortgage bridge loan secured by the property located at
180 N. Michigan, Chicago, Illinois. The loan bears interest at
7.32% per annum, requires monthly payments of interest only and
matures on June 20, 2008. In addition to the stated rate of return,
Winthrop is entitled to additional interest of 50% of all capital
proceeds after a return to the owner of $4.7 million plus 8.5%
thereon. The loan was made in connection with Winthrop's existing
relationship with Marc Realty LLC. Winthrop Realty Trust is a
NYSE-listed real estate investment trust (REIT) headquartered in
Boston, Massachusetts. Additional information on Winthrop Realty
Trust is available on its Web site at http://www.winthropreit.com/.
"Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995. With the exception of the historical
information contained in this news release, the matters described
herein contain "forward-looking" statements that involve risk and
uncertainties that may individually or collectively impact the
matters herein described. These are detailed from time to time in
the "Risk Factors" section of the Company's SEC reports. Further
information relating to the Company's financial position, results
of operations, and investor information is contained in our annual
and quarterly reports filed with the SEC and available for download
at our website http://www.winthropreit.com/ or at the SEC website
http://www.sec.gov/. DATASOURCE: Winthrop Realty Trust CONTACT:
Beverly Bergman of Winthrop Realty Trust, +1-617-570-4614 Web site:
http://www.winthropreit.com/
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