Starwood looks for yields over 11% on $139.8 million financing deals

01/8/2010 | CRENews.com

The Starwood-backed mortgage REIT that went public last summer has closed on $139.8 million of new investments. Starwood Property Trust originated three first mortgages with a total value of $107.8 million, projected to generate an overall 11.3% unleveraged yield. The REIT also invested $32 million in a single-borrower CMBS issue, anticipated to deliver a 12% unleveraged yield.

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