BRIEF-Pro REIT gets commitments for about $19.6 mln to pay back portion of debt

Thu Jul 21, 2016 8:30am EDT
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July 21 (Reuters) - Pro Real Estate Investment Trust

* Reit has received commitments totaling $19.6 million for refinancing of approximately 15 percent of its total debt

* Proceeds of mortgage will be used to repay a $1.3 million vendor take back mortgage

* Reit has received a commitment for a $17.8 million new mortgage with a 10-year term, amortized over 25 years

* Also received a $1.8 million commitment for a second mortgage on an existing asset Source text for Eikon: Further company coverage: