Opus Bank is pleased to announce it provided:

Title: Owens Realty Mortgage
Amount: $20,000,000
Month: October
Year: 2014

Owens Realty Mortgage

Opus Bank’s Structured Finance division provides $20,000,000 revolving lender finance facility to Owens Realty Mortgage, Inc.

Overview of Transaction

  • Owens Realty Mortgage, Inc. (“Owens”) (NYSE: ORM), a real estate finance company that invests in and manages middle-market commercial real estate mortgage loans, was seeking a revolving line of credit to support the expansion of their business.
  • Opus Bank (“Opus”) provided a credit facility that offered a 2-year, variable rate term, and was secured by certain real estate and real estate note assets of the client.

Significance of Transaction

  • The facility provided Owens with the capital resources needed to accelerate its commercial mortgage lending activities.
  • The facility enabled the client to leverage its equity, expand its capacity, and grow its business.

Opus Bank's Role

  • Opus worked with the client to provide a flexible loan structure that allowed multiple types of collateral, including commercial real estate assets owned and future commercial real estate notes made by Owens.
  • Opus provided a non-recourse structure in addition to an intercreditor agreement with an existing lender.

Ready to get started? Let’s Talk Today

Find a Banker