America First Multifamily Investors, L.P. Obtains New $40 Million Line of Credit
OMAHA, Neb., June 14, 2021 (GLOBE NEWSWIRE) -- America First Multifamily Investors, L.P. (NASDAQ: ATAX ) (ATAX) announced today that on June 11, 2021, it closed on a secured revolving Line of Credit facility (LOC) of up to $40 million with two lenders, BankUnited N.A. and Bankers Trust Company. BankUnited N.A. also serves as sole arranger and administrative agent. The LOC is secured by ATAXs equity investments in its Vantage properties portfolio, a first mortgage on its Suites on Paseo MF Property and a bank account held at BankUnited, N.A. The amount available to be drawn on the LOC is limited to the lesser of $40 million and a borrowing base calculation related to the collateral. In addition, Greystone Select Holdings LLC, an affiliate of ATAXs general partner, provided a deficiency guaranty.
America First Multifamily Investors, L.P. Obtains New $40 Million Line of Credit
OMAHA, Neb., June 14, 2021 (GLOBE NEWSWIRE) -- America First Multifamily Investors, L.P. (NASDAQ: ATAX ) (ATAX) announced today that on June 11, 2021, it closed on a secured revolving Line of Credit facility (LOC) of up to $40 million with two lenders, BankUnited N.A. and Bankers Trust Company. BankUnited N.A. also serves as sole arranger and administrative agent. The LOC is secured by ATAXs equity investments in its Vantage properties portfolio, a first mortgage on its Suites on Paseo MF Property and a bank account held at BankUnited, N.A. The amount available to be drawn on the LOC is limited to the lesser of $40 million and a borrowing base calculation related to the collateral. In addition, Greystone Select Holdings LLC, an affiliate of ATAXs general partner, provided a deficiency guaranty.