NEWS FROM THE WIRES |
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New Issue -iSTAR Financial sells $350 mln 7-yr debt Aug 09 2001 12:05 PM PDT
> More WIRE STORIES about this company
PROFILE |
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Despite the name, iStar Financial (formerly Starwood Financial) will buy loans from the hoi polloi, too. The real estate investment trust (REIT) originates, acquires, and services senior and subordinate loans that are unsecured or secured primarily by commercial real estate. iStar Financial makes a variety of loans, including first and second mortgages, mezzanine loans, and net-lease financings, mostly to real estate-related businesses with portfolios composed of office buildings, multifamily real estate, hotels, malls, warehouses, distribution facilities, and other properties. The REIT's acquisition strategy focuses on performing and nonperforming loans bought at a discount of the outstanding principal balance.
COMPETITION |
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American Mortgage Acceptance Company (AMC)
Annaly Mortgage Management, Inc. (NLY)
Redwood Trust, Inc. (RWT)
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STOCK ANALYSIS |
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FURTHER ANALYSIS
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Deals
FINANCIAL OVERVIEW |
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Fiscal Year-End: December
2000 Sales (mil.): 474.80
1-Yr. Sales Growth: 79.3%
Employees: 126
Revenue per employee: $3,768,253.97
KEY PEOPLE |
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Jay Sugarman
CEO
Spencer B. Haber
CFO
CONTACT INFO |
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1114 Avenue of the Americas, 27th Fl.
New York, NY 10036
US
Phone: 212-930-9400
Fax: 212-930-9494
Online: Web Site
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