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Strategies & Market Trends : Ocwen Asset Inv. Co (OAC) -- Ignore unavailable to you. Want to Upgrade?

To: KatayamaGorobei who wrote (5)	12/4/1997 7:34:00 PM
From: KatayamaGorobei	Read Replies (1) \| Respond to of 64

Ocwen Asset Investment Invested $35.4M In November WEST PALM BEACH, Fla. (Dow Jones)--Ocwen Asset Investment Corp. (OAIC) said it invested $35.4 million in November, bringing its total invested assets to $181.4 million. In a press release Thursday, the real estate investment trust said during November, it invested $19.1 million to buy a shopping center in Brandenton, Fla.; $3.3 million to buy two discounted non-performing loans; $9.5 million in subordinated securities; $274,000 in residential whole loans and initial funding of $3.3 million on a $13.3 million hotel renovation loan. Ocwen said after closing these transactions, its outstanding commitments will stand at $164.9 million, represented by a $14 million real estate acquisitions under contract and subject to completion of due diligence; $49 million in subordinated investments; $5 million in other mortgage related securities; $3.6 million in residential whole loans and $93.3 million in mezzanine financing and construction loan commitments which are subject to various conditions and the borrowers must satisfy prior to closing the transactions.