Industry News

Accredited Home Lenders gets $200 million cash infusion

Subprime lender will pay 13% interest on rescue loan
Published on Mar 21, 2007

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by CareyBot

Accredited Home Lenders Holding Co. will pay 13 percent interest on a five-year, $200 million loan that will help the subprime lender stay afloat. In addition to the high interest rate, the loan from Farallon Capital Management LLC comes with ...