New York Mortgage Trust, Inc. announced the acquisition of the remaining 50% ownership interest in Constructive Loans, LLC. Constructive Loans is a leading originator in business purpose loans for residential real estate investors.
This all-cash transaction was completed through a wholly owned subsidiary of the company. The acquisition represents a significant milestone in the company’s ongoing strategy to diversify and scale its recurring income.
Full ownership of Constructive Loans, LLC is expected to enhance NYMT's business purpose lending strategy. This move aligns with the company's pivot towards targeted assets designed to generate stable, recurring income.
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