Tower Properties Company (TPRP: OTC Link) | Debt Financing

Debt Financing

Sep 16, 2011

OTC Disclosure News Service

Kansas City, MO – On September 15, 2011 Tower Properties Company (Tower) obtained $5,000,000 of financing for the Peppertree Apartments Phase II in Merriam, Kansas.  The new loan of $5,000,000 is a 10-year non-recourse loan (25 year amortization) at 5.2% that matures on October 1, 2021.

The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

Article source: http://www.otcmarkets.com/stock/TPRP/news?id=35741

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