In Brief: Lender Gets $400M Morgan Stanley Line

Llama Capital Mortgage Co. has arranged a $400 million warehouse line from Morgan Stanley Dean Witter. The line will finance commercial mortgage conduit lending and "opportunistic investment programs," the company said.

Llama Capital is a subsidiary of Llama Holding Co. of Fayetteville, Ark. In January it hired a new management team from Ocwen Financial, also based in West Palm Beach. Since then it has originated $50 million of loans.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER