Mortgage & Realty Agreement Extended
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Mortgage & Realty Trust, a struggling real estate investment trust with dual headquarters in Burbank and Elkin, Pa., said its standstill arrangement with its creditors has been extended to Nov. 12.
The agreement had been set to expire two weeks ago.
Mortgage & Realty said negotiations with its creditors’ committee continue in an effort to restructure the company’s $290 million of debt.
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