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Article: American Residential and American Mortgage Network Secure $75 Million JPMorgan Chase Bank Warehouse Line.
- Article from:
- Business Wire
- Article date:
- December 19, 2001
CopyrightCOPYRIGHT 2001 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
DEL MAR, Calif.--(BUSINESS WIRE)--Dec. 19, 2001
American Residential Investment Trust, Inc. (NYSE: INV) and its mortgage banking subsidiary, American Mortgage Network (AmNet), announced today that it has secured a $75 million senior secured revolving warehouse line funded by JPMorgan Chase Bank. The one-year agreement contains provisions for JPMorgan Chase to increase the warehouse line through relationships with additional leading financial institutions at the Company's request. American Residential anticipates that the current warehouse facility will increase significantly in 2002. JPMorgan Chase has the option to decrease its ...
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