Walnut Creek, CA (PRWEB) April 24, 2015
Owens Realty Mortgage, Inc. (NYSE MKT: ORM) established today it has actually signed an amendment and restatement of their secured revolving center with Ca Bank & Trust to improve the maximum potential borrowings from $ 20,000,000 to $ 30,000,000 and to add very first Bank as an extra loan provider. The credit line are going to be guaranteed by certain assets of ORM, including first-priority deeds of trust on specific real property possessions and trust deeds and all sorts of personal property of this business.
About Owens Realty Mortgage, Inc.
Owens Realty Mortgage, Inc., a Maryland firm, is a niche finance home loan company structured to qualify as a proper estate investment trust (REIT) that focuses on the origination, financial investment, and management of commercial property home loans primarily in the Western U.S. We provide tailored, short-term capital to little and middle-market investors that need rate and mobility. Our major goal is supply investors with appealing existing earnings and long-term shareholder value. Owens Realty Mortgage, Inc., is headquartered in Walnut Creek, California, and is externally managed and encouraged by Owens Financial Group, Inc.
Additional information can be seen on the Companys website at http://www.owensmortgage.com.
This pr release includes forward-looking statements within the concept of the safe harbor terms of the United States professional Securities Litigation Reform Act of 1995. Forward-looking statements about Owens Realty Mortgage Inc.s plans, methods, and customers, such as the maximum borrowings offered in brand new revolving line of credit, derive from present information, quotes, and projections; they’ve been susceptible to dangers and uncertainties, plus understood and as yet not known dangers, that could cause actual brings about differ from expectations, estimates and forecasts and, consequently, readers cannot count on these forward-looking statements as predictions of future occasions. Words such as for instance expect, target, believe, estimation, task, budget, forecast, anticipate, intend, program, may, will, could, should, think, predicts, possible, continue, and similar expressions tend to be designed to recognize such forward-looking statements.
Visitors are cautioned not to ever put undue dependence upon any forward-looking statements, which talk just at the time of the time made. The company does not undertake or take any responsibility to discharge openly any changes or revisions to virtually any forward-looking statement to mirror any improvement in its objectives or any improvement in activities, conditions or situations where these declaration is dependent. Additional information regarding these and other risk factors is included in the companys most recent filings with the Securities and Exchange Commission. All subsequent penned and dental forward-looking statements regarding the company or things due to the company or anybody performing on its behalf tend to be expressly competent inside their entirety by the cautionary statements above.
SUPPLY: Owens Realty Mortgage, Inc.