search

The Real Deal Logo

Trending

Glossier founder is buyer of $22M Brooklyn townhouseGlossier founder is buyer of $22M Brooklyn townhouseBillionaire hedge funder Larry Robbins makes South Florida moveBillionaire hedge funder Larry Robbins makes South Florida moveHow Hochul played the “good cause eviction” game, and wonHow Hochul played the “good cause eviction” game, and wonHousing deal finally passes; here are the detailsHousing deal finally passes; here are the details
South Florida

Bluegreen gets $60M credit line

Sign Up for the undefined Newsletter

Boca Raton-based Bluegreen, which develops and operates timeshare
resorts, received a $60 million credit line from a syndicate of lenders
led by Liberty Bank. It must repay the loan by 2016. Shares of the
company, which is listed on the New York Stock Exchange, closed at $4.35
yesterday, down from a 52-week high of $6.30 in April. The loan
provides for an 85 percent advance of receivables. [SFBJ]

Tags
Bluegreen