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BRIEF-CONSOLIDATED TOMOKA ANNOUNCES SALE OF ITS TWO MEZZANINE LOAN INVESTMENTS
October 24, 2017 / 1:15 PM / 2 months ago

BRIEF-CONSOLIDATED TOMOKA ANNOUNCES SALE OF ITS TWO MEZZANINE LOAN INVESTMENTS

Oct 24 (Reuters) - Consolidated-Tomoka Land Co:

* CONSOLIDATED TOMOKA ANNOUNCES SALE OF ITS TWO MEZZANINE LOAN INVESTMENTS

* CONSOLIDATED-TOMOKA LAND - ‍SOLD 2 MEZZANINE LOAN INVESTMENTS SECURED BY EQUITY INTERESTS IN ATLANTA, DALLAS WITH TOTAL PRINCIPAL BALANCE OF $15 MILLION​

* CONSOLIDATED-TOMOKA LAND CO - ‍APPROXIMATELY $15.0 MILLION OF PROCEEDS, NET OF TRANSACTION COSTS, WILL BE USED TO PAY DOWN COMPANY‘S CREDIT FACILITY​ Source text for Eikon: Further company coverage:

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