Starwood Property Trust, Inc. (NYSE: STWD) today announced that the Company recently received the full repayment of its $379 million commitment in the construction loan for 424 Fifth Avenue, the former Lord & Taylor Building. The building was acquired by Amazon.

"This repayment enhances our already strong liquidity position which totals $885 million of cash and approved but undrawn financing lines, which we can combine with over $8 billion of available financing sources to fund investments. Given the recent extraordinary volatility in the markets, we're exercising appropriate caution in regards to new investments. Our equity investments are largely in affordable apartments and we expect them to remain a very strong cash flow generator unaffected by this uncertainty. We believe our strong balance sheet will support us as we navigate current market conditions," commented Barry Sternlicht, Chairman and CEO of Starwood Property Trust.

About Starwood Property Trust, Inc.

Starwood Property Trust (NYSE: STWD), is a leading diversified finance company with a core focus on the real estate and infrastructure sectors. An affiliate of global private investment firm Starwood Capital Group, the Company has successfully deployed over $61 billion of capital since inception and manages a portfolio of over $17 billion across debt and equity investments. Starwood Property Trust's investment objective is to generate attractive and stable returns for shareholders, primarily through dividends, by leveraging a premiere global organization to identify and execute on the best risk adjusted returning investments across its target assets. Additional information can be found at www.starwoodpropertytrust.com.