Lend Lease completes purchase of AMRESCO mortgage holdings.(Lend Lease Real Estate Investments Inc.)(Brief Article)(Statistical Data Included)

Real Estate Weekly | April 5, 2000 | Copyright

Lend Lease Real Estate Investments, Inc., the U.S. subsidiary of Lend Lease Corporation Limited, today completed the acquisition of AMRESCO, Inc.'s five commercial mortgage businesses: AMRESCO Capital Limited Partnership, Holliday Fenoglio Fowler, Real Estate Structured Finance, AMRESCO Services Limited Partnership, and Asset Management. The US$258.7 million cost to Lend Lease comprises a US$202.7 million cash payment to the sellers, US$21 million in contingent cash payments, a US$25 million holdback note to the sellers extending up to three years, and US$10 million in ...

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