Resource Capital (RSO) Announces $165M+ of Q1 CRE Loans Funded

Resource Capital (NYSE: RSO) announced that total Commercial Real Estate ("CRE") loans funded in the first quarter were over $165 million, which represents a 122% increase over the same period last year. The trailing 12 month loan production as of Q1 2015 was over $817 million, as opposed to the trailing 12 month as of Q1 2014 at $394 million, an increase of over 107%.

Dave Bloom, Head of Real Estate for the Company, said, "Our originations continue on pace and ahead of last year's peak production level, while we remain keenly focused on credit quality, loan structure and the diverse and granular nature of our portfolio. RSO's pipeline of new loan opportunities remains strong with approximately $600 million of new loan opportunities quoted and in various stages of negotiation or underwriting. Finally, we continue to see unprecedented access to term financing options to optimally match-fund our assets and drive our ROE in a meaningful manner."

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