TSXV:LRT.UN - Post by User
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Roxy27on Jun 02, 2014 11:22am
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Post# 22621012
Lanesborough receives $9.1mm, pays done revolver
Lanesborough receives $9.1mm, pays done revolveras expected
Lanesborough REIT announces collection of mortgage loans receivable
WINNIPEG, June 2, 2014 /CNW/ - Lanesborough Real Estate Investment Trust ("LREIT") (TSX: LRT.UN) today announced that it has received repayment of two mortgage loans receivable with a combined balance of approximately $9.1 million. The proceeds have been used to reduce the outstanding balance of the revolving loan from 2668921 Manitoba Ltd. to $4.4 million.