Altisource Residential extends loan, increases it to $250 million

By Angela McDaniels

Tacoma, Wash., April 13 – Altisource Residential Corp. increased the size of its credit facility with Nomura Corporate Funding Americas, LLC to $250 million from $200 million and extended the termination date by one year to April 6, 2017, according to an 8-K filing with the Securities and Exchange Commission.

Prior to the April 7 amendment, $188.3 million was outstanding under the loan.

The real estate investment company is managed by Altisource Asset Management Corp., which is based in Christiansted, Virgin Islands.

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