Starwood Property gets $300 million bridge loan commitment for LNR buy

By Sara Rosenberg

New York, Jan. 24 - Starwood Property Trust received a commitment for a $300 million senior secured bridge loan to help fund its $1.05 billion acquisition of LNR Property LLC, according to an 8-K filed with the Securities and Exchange Commission

Credit Suisse Securities (USA) LLC and Citigroup Global Markets Inc. are the lead banks on the debt.

Starwood is a Greenwich, Conn.-based commercial real estate finance company. LNR is a Miami Beach, Fla.-based real estate investment, finance, management and development firm.

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