| Resource Asset Investment Trust | |||
| Ticker: | RAIT | 1521 Locust Street, Sixth Floor | |
| Exchange: | NASDAQ-National Market | Philadelphia, PA 19102 | |
| Industry: | Financial (SIC Code 6798) | ||
| Type of Shares: | Common Shares | Filing Date: | 9/9/97 | |
| U.S. Shares: | 2,833,000 | Offer Date: | 1/8/98 | |
| Non-U.S. Shares: | 0 | Filing Range: | $14.00 - $16.00 | |
| Primary Shares: | 2,833,000 | Offer Price: | $15.00 | |
| Secondary Shares: | 0 | Gross Spread: | $1.05 | |
| Offering Amount: | $42,495,000 | Selling: | $0.63 | |
| Expenses: | - | Reallowance: | $0.10 | |
| Shares Out After: | - |
| Manager | Tier | Phone |
| Friedman, Billings, Ramsey & Co., Inc. | Lead Manager | (703) 312-9571 |
| Issuer's Law Firm: | Arnold & Porter |
| Bank's Law Firm: | Hunton & Williams |
| Auditor: | Grant Thornton |
| Business Description |
| The company is a real estate investment trust, (REIT). The company will provide mortgage or other debt financing to people that do not conform to the underwriting standards of institutional lenders or sources that provide financing through securitization |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for general corporate purposes. |