Drawbridge Realty obtains $150 million revolving facility via KeyBank

By Susanna Moon

Chicago, July 9 - Drawbridge Realty Trust, LLC said it entered into a $150 million revolving credit facility with KeyBank NA as the lead arranger and administrative agent.

Co-participants include Wells Fargo Bank, NA, US Bank, NA, BMO Harris Bank, NA and City National Bank.

The facility provides Drawbridge with low-cost debt capital for new acquisitions and helps the company expand its 2 million square foot commercial real estate portfolio, according to a company press release.

"We are obtaining this new source of capital at an optimal time," Mark Whiting, chief executive officer of Drawbridge, said in the press release.

"This is a powerful group of banks backing Drawbridge, and their support will be instrumental in our continued expansion in the Western U.S."

Drawbridge is a San Francisco-based real estate investment and development company that targets commercial property investments in select markets across the western United States.

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