ISTAR FINANCIAL INC
Sector: Credit Services
Latest Quote @ Mon Dec 12 20:41:37 (15 min delayed)
Last Day's Data
iStar Financial, Inc., a real estate investment trust (REIT), provides financing to private and corporate owners of real estate, including senior and junior mortgage debt, senior and mezzanine corporate capital, and corporate net lease financing. The company's primary product lines include structured finance, portfolio finance, corporate finance, loan acquisition, and corporate tenant leasing. Structured finance options include first and second mortgages, partnership loans, participating debt, and interim facilities. Portfolio finance services include providing funding to regional and national borrowers, who own multiple facilities in geographically diverse portfolios. The Corporate finance line provides senior and subordinated capital to corporations engaged in real estate. The Loan acquisition line acquires whole loans and loan participations. Corporate tenant leasing line provides capital to corporations and borrowers who control facilities leased to single creditworthy tenants. The company has elected to be taxed as a REIT for federal income tax purposes and would not be subject to income tax to the extent it distributes at least 90% of its taxable income to its stockholders; and 100% of its taxable income to avoid paying corporate federal income taxes. iStar Financial was founded in 1993 and is headquartered in New York city.