Merchants Capital Executes Credit Risk Transfer on $543+ Million Multifamily Bridge Loans [Yahoo! Finance]
Merchants Bancorp (MBIN)
Last merchants bancorp earnings: 1/30 04:05 pm
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Source: Yahoo! Finance
a $543.5 million Credit Risk Transfer (CRT), secured by 41 performing multifamily bridge loans. This is the second multifamily CRT and the third overall completed by Merchants' Capital Markets platform, which has executed nearly $4 billion in securitizations. The transaction, which closed in March, was structured as a Credit Default Swap (CDS), with $76 million in credit protection purchased from a large institutional investor as a first-loss risk transfer. Bridge loans from 53 properties are included in the portfolio, with a total of 7,040 units from 14 states, the largest concentrations located in Indiana South Carolina and Illinois "The Capital Markets team continues to add value, demonstrate innovation and fuel lending across Merchants Capital," said Evan Gibson , Executive Vice President, Capital Markets at Merchants Capital. "We are very pleased with the growth of our platform and efficiency in providing capital relief, which provides Merchants Capital with capacity for addi
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News
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MBIN
Earnings
- 7/29/24 - Miss
MBIN
Sec Filings
- 9/16/24 - Form 4
- 9/11/24 - Form 3
- 9/11/24 - Form 8-K
- MBIN's page on the SEC website