Starwood Property Trust Announces $175 Million of Additional Capital Commitments

GREENWICH, Conn., July 15 /PRNewswire-FirstCall/ -- Starwood Property Trust (NYSE: STWD) (the "Company") announced today that the Company has recently committed to invest approximately $175 million of capital in three separate transactions. In July, the Company sourced and was the lead lender in the origination of a $138.0 million renovation loan (the "Hotel Loan") for the Hyatt Regency New Orleans (the "Hotel") and was the purchaser of an $85.0 million subordinate first mortgage loan (the "Mall Loan") secured by a regional mall located in suburban Columbus, Ohio (the "Mall") for a discounted purchase price of $68.6 million. In addition, the Company has committed to purchase an additional $45.5 million participation in a B-note secured by four resorts in the United Kingdom (the "Corporate Loan") for a discounted purchase price of $37.4 million.

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