New York Mortgage Trust, Inc. (Nasdaq: NYMT) has completed its acquisition of the remaining 50% ownership interest in Constructive Loans, LLC, a leading originator of business purpose loans for residential real estate investors. This all-cash transaction, executed through a wholly owned subsidiary, signifies a key milestone in NYMT's strategy to diversify and scale its recurring earnings by integrating a top operating platform. Constructive Loans, which has originated over $1.7 billion in business purpose loans in the past year, will continue to operate as an independent subsidiary with its leadership team intact. The acquisition enhances NYMT's footprint in the residential credit market and aligns with its core strategy of investing in business purpose loans.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NYMT - New York Mortgage Trust Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001273685-25-000065), on July 15, 2025, and is solely responsible for the information contained therein.
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