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niche sectors
The mortgage REIT in May upsized its revolving credit facility from $45m to $65m.
The report from analytics firm MSCI and its Real Capital Analytics group also zeroes in on a shift toward niche sectors.
A three-bank consortium of Investors Bank, Oceans First Bank and Provident Bank provided the loan.
The Minneapolis lender believes having a smaller number of clients with bigger relationships is the best way forward.