Real Estate
Starwood Property Trust Inc. said Wednesday it has agreed to acquire GE Capital's Energy Financial Services' Project Finance Debt Business and loan portfolio in a deal valued at $2.56 billion, including $400 million of loan commitments. The business includes a platform and leadership team, along with 21 full-time employees working on loan origination, underwriting, capital markets and asset management. The loan portfolio, meanwhile, comprises 51 senior loans that are secured by energy infrastructure real assets. Starwood said the portfolio is 97% floating-rate loans, which are attractive in a rising rate environment.

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