iStar Financial to acquire Fremont General's commercial businessMortgagePress.comCommercial real estate companies
iStar Financial Inc. has entered into a definitive agreement to
acquire the commercial real estate lending business of Fremont
General Corporation and retain an interest in the commercial real
estate loan assets of that company. The all-cash transaction will
total approximately $1.9 billion.
New York-based iStar Financial Inc. is a publicly traded finance
company focusing on the commercial real estate industry. For more
information, call (212) 930-9400 or visit www.istarfinancial.com.
Fremont General Corporation is a financial services holding
company based in Santa Monica, Calif. For more information, call
(310) 315-5500 or visit www.fremontgeneral.com.