(To read more on the debt and equity markets, click here.)
PARAMUS, NJ-Metro Funding Corp., a local asset-based commercialreal estate lender, has closed on a $50-million secured creditfacility with WestLB. Company officials say the credit facilitywill be used to grow its current lending business while providing amore attractive cost of capital.
"This is a big step in our growth process," says David Hecht,MFC's president and CEO. "We will continue to expand our USpresence and provide service at a more competitive price."
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