Resource Real Estate Receives Loan Payoff on Legacy Portfolio Loan (Marketwire via Yahoo! Finance)

Resource Real Estate, Inc., a subsidiary of Resource America, Inc., announced today that it received $8.7 million from the payoff of a mezzanine loan that the Company had held in its legacy portfolio of resolved distressed investments. The loan originally resulted from a mezzanine position retained by the Company when a distressed first mortgage loan it had acquired in 1998 was restructured in …

Source:Resource Real Estate Receives Loan Payoff on Legacy Portfolio Loan (Marketwire via Yahoo! Finance)

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