Traders Cooperative

[Joe Stocks]

Speaking of interest rates I thought the low interest rates on RAS's new credit facility was supportive of RAS worthiness. I am really taking a shine to RAS and have added. Also, nice to see CBC common holding up so well.

>>PHILADELPHIA--(BUSINESS WIRE)--RAIT Financial Trust (NYSE: RAS - News) today announced the recent completion of the extension of the repayment terms of one of its three secured credit facilities. With this extension, since the second quarter of 2009, RAIT has completed the extension of all of its secured credit facilities with new maturity dates in 2011.

In negotiating these extensions, RAIT agreed to variable interest rates which currently range between 4.5% and 5.0% and to principal amortization in exchange for longer duration. The aggregate unpaid principal balance of all three secured credit facilities is $51 million. RAIT expects to fund approximately $7 million of principal amortization in 2010 under these arrangements with the balance due in 2011. The secured credit facilities mature between February 2011 and December 2011 and are subject to other customary terms and conditions.<<