Facebook Twitter LinkedIn Google Plus RSS

Zais completes $98M whole loan purchase

By ,

Red Bank-based Zais Financial Corp. announced today it has completed its acquisition of a residential mortgage loan portfolio with an unpaid balance of about $98.2 million.

According to the announcement, Zais used about $54.8 million of its Citibank N.A. financing facility in completing the deal.

This is the company's second whole loan purchase this summer, with the first closing in June for $167 million. Zais expects this purchase to benefit them via the ongoing recovery of the housing market, the company said in its statement.

More From This Industry

Write to the Editorial Department at editorial@njbiz.com

Related Stories

Leave a Comment


Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.

Post Comment
View Comment Policy