Chastain Capital Corporation - CHAS- Profile

Chastain Capital Corporation originates commercial and multifamily mortgage loans for the purpose of securitizing the loans by issuing CMO's and retaining interests in the mortgage loans subject to the CMO debt. The company also acquires subordinated interests in commercial mortgage-backed securities, originates and acquires loans on real estate property and other related assets.The company became publicly held in April 1998. Interest income accounted for 94% of the 1998 revenues and rental income, 6%.