Anthracite Capital, Inc. is a specialty finance company that invests in commercial real estate assets on a global basis. The Company's primary activities are investing in high yielding commercial real estate debt and equity. The Company combines traditional real estate underwriting and capital markets capability to maximize the opportunities arising from the continuing integration of these two disciplines. The Company focuses on acquiring pools of performing loans in the form of commercial mortgage-backed securities (CMBS), issuing secured debt backed by CMBS and providing capital for the commercial real estate industry in the form of mezzanine loan financing and equity. The Company is managed by BlackRock Financial Management, Inc. (the Manager). The Company's primary investment activities are conducted in three investment sectors: Commercial Real Estate Debt Securities, Commercial Real Estate Loans and Commercial Real Estate Equity.