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NorthStar Realty Finance Corp. Message Board

  • dar200 dar200 Sep 4, 2013 3:12 PM Flag

    Income 1 CMBS

    Oh, how I hate yahoo. 20 minutes ago I types a post about this cmbs and pasted a link to the SEC site where I read the 8-K. The F-heads at yahoo deleted it.

    Income 1 closed on its cmbs deal. NRF has a small piece of it. 8-K can be read on sec website or nrf website by going first to Income 1, investor relations, then sec filings.

    A nice, profitable cmbs deal for Income 1, releveraging leveraged loans. 8-K says net return on equity = 8.6% when dividend is 8%. Gross return on leveraged equity = over 14% (before expenses and fees to nrf). Great they are making their dividend. The more they make, the safer the fees to nrf AND it makes those steep fees easier to swallow.

    NRF common is in the catbird seat for fees from these nontraded reits. Income 1 at full boat, Healthcare off the ground, paperwork being signed to peddle Income 2.......just sit back and watch the management fees grow. Someday the market will grasp what is happening.

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17.67+0.16(+0.91%)Dec 18 4:08 PMEST

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