VMS SHORT TERM <VST> TO FUND LOAN INCREASE
VMS Short Term Income Trust said it
agreed to commit to fund a 1.8 mln dlrs loan increase for 1420
K Street, a 12-story, 60,000 square foot office building in
Washington, D.C.
    The trust previously approved a 2.9 mln dlr loan for the
property, making the total loan 4.7 mln dlrs.
    VMS said the increased financing will have an initial term
of six months and will include a one pct participation in the
net appreciation of the property upon sale or refinancing.
 Reuter
