Owens Realty Mortgage, Inc. Secures $20 Million Revolving Credit Facility To Support Increased Comme
Owens Realty Mortgage, Inc. announced today that it has entered into a new $20 million revolving line of credit with Opus Bank. Walnut Creek, CA (PRWEB) April 28, 2014 Owens Realty Mortgage, Inc. (NYSE MKT: ORM) announced today that it has entered into a new revolving line of credit with Opus Bank (“Opus”). The maximum borrowings under the new credit line is $20,000,000 or such lesser amount as may be determined pursuant to borrowing base calculations described in the related agreements. The line of credit will be secured by certain assets of ORM, including certain real property assets of
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