Bluerock Homes Trust issues $33.1M secured loan at 13%
Bluerock Homes Trust announced two financing actions tied to a Northern California sale-leaseback. It issued a $33.1 million secured, 13.0% coupon, 36-month loan to fund Class II Interests in a Delaware Statutory Trust.
Bluerock Homes Trust said it completed two financing actions connected to a Northern California sale-leaseback transaction. The company issued a $33.1 million secured loan with a 13.0% coupon and a 36-month term to BR HPE ZC Investment Co. The proceeds are to fund Class II Interests in a Delaware Statutory Trust, with repayment expected from a…