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Lightstone Value Plus REIT, Sponsored by The Lightstone Group, Closes on $45 Million Revolving Credit Facility with GE Capital Franchise Finance

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Lightstone Value Plus REIT, Sponsored by The Lightstone Group, Closes on $45 Million Revolving Credit Facility with GE Capital Franchise Finance Powered By Docstoc
					
				
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Description: NEW YORK--(BUSINESS WIRE)--Lightstone Value Plus REIT, Inc. (“LVPR”), sponsored by The Lightstone Group (“Lightstone”), a prominent, privately held real estate company founded by David Lichtenstein, announced that they have entered into a $45 million revolving credit facility (“Facility”) with GE Capital Franchise Finance. The Facility provides a line of credit over the next three years, with two, one-year options to extend. “We are pleased with the completion of this GE credit facility, which w a styl
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