Municipal Mortgage gets $100 million credit facility

By Sara Rosenberg

New York, March 1 - Municipal Mortgage & Equity LLC closed on a $100 million amended and restated credit facility due March 1, 2009, according to an 8-K filed with the Securities and Exchange Commission Thursday.

Synovus Bank of Tampa Bay is the lender on the deal that is effective as of Feb. 23.

Pricing can range from Libor plus 150 to 300 basis points depending on the amount of deposits maintained with the lender by the registrant and its subsidiaries.

Municipal Mortgage is a Baltimore-based provider of debt and equity financing to developers of multifamily and commercial properties.

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