Genesis Capital Closes Its Second Rated Residential Transitional Loan Securitization
Rithm Capital Corp. (RITM)
Company Research
Source: Business Wire
Offering is the Second Largest Rated RTL Securitization and First Three-Year Transaction for the Industry NEW YORK--(BUSINESS WIRE)--Genesis Capital LLC (“Genesis”), a Rithm Capital (NYSE: RITM) company and a leading business purpose lender providing innovative financing solutions to professional real estate developers for new acquisition, renovation, ground-up construction, and long-term rental hold projects across the residential spectrum, today announced it has successfully closed NRMLT 2024-RTL2, a $450 million rated securitization backed by residential transitional loans (“RTLs”).This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240925130955/en/As the second rated RTL securitization for Genesis, the transaction received strong support from the investment community, including multiple repeat participants from Genesis’ first rated securitization.This transaction marks the second largest rated residential transitional loa
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- Rithm Capital Corp. (NYSE: RITM) had its "outperform" rating re-affirmed by analysts at Royal Bank of Canada. They now have a $13.00 price target on the stock.MarketBeat
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RITM
Earnings
- 10/29/24 - Beat
RITM
Sec Filings
- 11/12/24 - Form 3
- 11/12/24 - Form 3
- 11/5/24 - Form 4
- RITM's page on the SEC website