Rithm Capital Corp. Enters Strategic Partnership to Fund $500 Million in Residential Transitional Loans
Reuters
Jul 22
Rithm Capital Corp. Enters Strategic Partnership to Fund $500 Million in Residential Transitional Loans
Rithm Capital Corp. has announced a strategic partnership with a large institutional investor to fund the acquisition of residential transitional loans. This collaboration aims to finance up to $500 million in loans initially, with the potential expansion to $1.5 billion. Managed by Rithm Capital Advisors LLC, the partnership will leverage Rithm's expertise in asset management, origination, underwriting, and servicing. Genesis Capital LLC, a subsidiary of Rithm, will service the loans. This move highlights Rithm's commitment to expanding its asset management platform and providing tailored investment solutions in the residential transitional loan sector. Michael Nierenberg, Chairman, CEO, and President of Rithm Capital, emphasized the significance of this partnership in advancing the company's growth and capability to deliver customized solutions to investors.
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