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NorthStar Real Estate Income Trust Inc. unit NSREIT CB Loan LLC on Nov. 30 amended its master repurchase agreement with Citibank NA to increase the available financing under the facility to $100 million from $50 million.
Under the amended agreement, NSREIT CB Loan is required to maintain at least $3.75 million and a maximum of $15.0 million in unrestricted cash at all times during the facility's term. The rest of the facility's terms were not modified, according to a Form 8-K filed Dec. 4.
Through a subsidiary, NorthStar on Nov. 30 directly originated...