Reports Q4 funding of approximately $106M of portfolio investments. Repurchased $50M par value of residential loan securitization CDOs for approximately $46.5M. Received approximately $36.2M in proceeds from redemptions of Mezzanine Lending investments.The company also completed a securitization of residential loans, resulting in approximately $232M in net proceeds to the Company after deducting expenses associated with the transaction. The Company utilized the net proceeds to repay outstanding repurchase agreement financing related to residential loans.
Published first on TheFly
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