New York Mortgage Trust Inc. Completes Acquisition of Remaining Interest in Constructive Loans, LLC

Reuters07-16
<a href="https://laohu8.com/S/NYMTL">New York Mortgage Trust Inc</a>. Completes Acquisition of Remaining Interest in Constructive Loans, LLC

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.

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