PMC COMMERCIAL TRUST SHARES OF BENEFICIAL INTEREST
Sector: REIT - Industrial
Latest Quote @ Fri May 5 12:58:53 (15 min delayed)
Last Day's Data
PMC Commercial Trust engages in the origination of loans to small businesses collateralized by first liens on the real estate of the related business. The company's loans are primarily to borrowers in the limited service hospitality industry. It also originates loans for commercial real estate primarily in the service, retail, multifamily, and manufacturing industries. In addition, its investments include the ownership of commercial properties in the hospitality industry. As of June 30, 2005, the company owned 16 hotel properties. The company has elected to be treated as a real estate investment trust under the Internal Revenue Code and would not be subject to federal income tax, if it distributes at least 90% of its taxable income to its shareholders. PMC Commercial Trust was organized in 1993 and is headquartered in Dallas, Texas.