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Allied Mortgage Capital

Home Loans Chester VA Allied Home Mortgage Capital Corp.

(804) 796-1173 Home Loans Chester VA Mortgage Loan Refinance Finance Lending Modifications Hard Money Stream Line FHA VA Our ...

Allied Properties Real Estate Investment Trust Announces Closing of Public Equity Offering

Allied intends to use the net proceeds of the offering to retire existing debt obligations. Approximately $132 million of the net proceeds will be used to prepay (including a one-time, yield-maintenance cost of approximately $7.7 million) the first mortgage on 151 Front Street West in Toronto, which bears interest at 6.54% and is scheduled to expire on November 1, 2019. The remainder of the net proceeds will be used to repay the full amount drawn on Allied’s operating and acquisition line of credit, which Allied used to fund acquisitions, mortgage repayments, revenue-enhancing capital expenditures and development costs thus far in 2018.

The units have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the units in the United States or in any jurisdiction in which such offer, sale or solicitation would be unlawful.

Why do Obama supporters claim Hillary and Barack don't differ on policy?

They differ greatly. Look at their different stances on Iran, our allies and on national security. Look at their different economic plans. Obama has greater spending plans and is going to raise capital gains tax about 10% higher than Hillary.

I happen to think Obama has better answers to our problems. He is much more realistic. The capital gains tax only hurts rich people. Hillary wants to mandate health care coverage. That means that it will be against the law to not buy health care insurance.