American Mortgage Acceptance Corporation
Don't envy my great retirement -- Join the fun!
Click to discover my secret to ever-growing income from investments for life -- whether the stock market goes up or down
American Mortgage Acceptance Corporation is a commercial mortgage real estate investment trust (REIT) that is managed by Centerline Capital Group. It provides commercial real estate first mortgage, mezzanine and bridge financing to real estate developers and owners.
American Mortgage Acceptance Mezzanine and Bridge Financing
American Mortgage Acceptance began July 1, 1999 trading on the American Stock Exchange (now known as the New York Stock Exchange Alternext US LLC) under the symbol AMC. On November 11, 2008 it was delisted from this exchange, along with its 7.25% Series A Cumulative Convertible Preferred Shares, and now trades over the counter on the pink sheets under the symbol AMOA (common shares) and AMOP (preferred shares).
To compound any confusion, American Mortgage Acceptance uses the abbreviation AMAC.
Its management company is a subsidiary of Centerline Holding Company (OTC: CLNH). They provide both fixed rate and floating rate loans, and short term and long term financing. Donald J Meyer is currently chairman.
The delisting of its stock shares probably reflects the effect the subprime mortgage mess has had on American Mortgage.
Next: Capital Alliance Income Trust -- nonconforming home loan mortgages in California
Now download The Death of Capital Gains Investing, your first step toward experiencing for yourself the joy of securing your retirement through income investing!
It's easy. Just enter your first name and email address into the form below.
(NOTE: After you click the button, you'll be taken to a thank you page with the link to download your free report.)
Copyright 2007-2021 by Gold Egg Investing LLC. All rights reserved.
