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RAS

 
Hoover's Profile: RAIT Financial Trust
(NYSE:RAS)
Company Financials
Income Statement
Balance Sheet
Cash Flow Statement

Contact Information
RAIT Financial Trust
2929 Arch St., 17th Fl.
Philadelphia, PA 19104
PA Tel. 215-243-9000
Fax 215-243-9039

Type: Public
On the web: http://www.raitft.com
Employees: 61
Employee growth: (19.7%)

RAIT Financial Trust (formerly RAIT Investment Trust) was not founded by an '80s hair-rock band, but it is just as commercially minded. The real estate investment trust (REIT) specializes in providing commercial mezzanine and short-term bridge financing, mostly first mortgages that are refinanced with other lenders. It also acquires real estate loans from lenders or investors, typically loans under default or forbearance. Most loans (between $250,000 and $75 million) are secured by multifamily residences and other commercial properties. RAIT also invests in apartment buildings in its key markets. Subsidiary Taberna Realty Finance provides long-term real estate capital.

Key numbers for fiscal year ending December, 2008:
Sales: $249.1M
One year growth: 21.0%
Net income: ($429.2)M

Officers:
Chairman: Betsy Z. Cohen
President and CEO: Scott F. Schaeffer
COO and Secretary: Raphael Licht

Competitors:
Anthracite Capital
iStar Financial Inc
Newcastle Investment

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Contents

RAS or Ras may refer to:

People and titles

Locations

  • Stari Ras, first capital city of medieval Serbian state of Raska
  • Ras Tanura, city in eastern Saudi Arabia

Societies and groups

Medical terms

Science and technology

Transport

Fiction and entertainment

Other uses

  • Rail Adapter System; another name for the Picatinny rail system used for mounting accessories on modern firearms
  • RAS syndrome, Redundant Acronym Syndrome syndrome
  • Rás Tailteann, an annual cycling race in Ireland
  • Regimental aviation squadron
  • Recirculating Aquaculture System

See also


 
 

 

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