Downtown-based Colony Credit Real Estate has increased its credit line to $560 million to accommodate future growth, the second time for a hike since late last year.

Colony Credit previously increased the credit line by $125 million in December. The latest upsize totaled $35 million, the company announced this week.

Colony Credit Real Estate is one of the largest publicly traded commercial real estate credit REITs.

Finance reporter Pat Maio can be reached at pmaio@labusinessjournal.com or (323) 556-8329.

For reprint and licensing requests for this article, CLICK HERE.