TPG RE Finance Trust, Inc. Closes $1.2 Billion Commercial Real Estate CLO
NEW YORK--(BUSINESS WIRE)--TPG RE Finance Trust, Inc. (NYSE: TRTX) (“TRTX” or the “Company”) announced today the closing of TRTX 2019-FL3, a $1.23 billion managed Commercial Real Estate Collateralized Loan Obligation ("CRE CLO") with a 24-month reinvestment period. The Company placed $1.04 billion of investment grade bonds with third party institutional investors. TRTX 2019-FL3 has an advance rate of 84.5%, and a weighted average interest rate at issuance of LIBOR plus 1.44% before transaction
TPG RE Finance Trust, Inc. Closes $1.2 Billion Commercial Real Estate CLO
NEW YORK--(BUSINESS WIRE)--TPG RE Finance Trust, Inc. (NYSE: TRTX) (“TRTX” or the “Company”) announced today the closing of TRTX 2019-FL3, a $1.23 billion managed Commercial Real Estate Collateralized Loan Obligation ("CRE CLO") with a 24-month reinvestment period. The Company placed $1.04 billion of investment grade bonds with third party institutional investors. TRTX 2019-FL3 has an advance rate of 84.5%, and a weighted average interest rate at issuance of LIBOR plus 1.44% before transaction