Invesco Commercial obtains $100 million revolving credit facility

By Wendy Van Sickle

Columbus, Ohio, Dec. 15 – Invesco Commercial Real Estate Finance Trust, Inc. entered into a $100 million revolving credit facility with Goldman Sachs Bank USA as administrative agent on Dec. 11, according to an 8-K filed with the Securities and Exchange Commission.

The company’s obligations are secured by outstanding capital commitments of Invesco Realty, Inc. and Texas Municipal Retirement System. The credit agreement matures 30 days prior to the last date on which the company can issue capital calls to the investors to repay obligations under the credit agreement.

The company will pay an annual administrative fee of 20 basis points, and borrowings will bear interest at one-month SOFR plus 290 bps.

Based in Dallas, Invesco invests in direct property and publicly traded real estate securities on behalf of institutional investors.

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