(Mark Your Calendars: RealShare New York takes place Oct. 12 at the Marriott Marquis.)

NEW YORK CITY-After evaluating various “strategic alternatives,” non-traded REIT American Realty Capital Trust entered into an agreement with lender RBS Citizens Bank to establish a $115 million line of credit for new property acquisitions, but also to lower the interest rate and frictional cost the company is paying for existing credit facilities, an ARCT spokesman tells GlobeSt.com in an e-mail. RBS has committed to hold $50 million of the $115 million credit facility on its balance sheet, while its financial advisor Goldman Sachs & Co. will hold the remaining $65 million.

The credit facility will bear interest at a floating rate based on the company’s corporate leverage ratio, which is currently below 40%, and will bear interest at approximately 2.25%, according to ARCT. It has 36-month term and may be increased to $250 million.