Angel Oak Mortgage REIT, Inc. and Two of Its Subsidiaries, Renewed Their Loan Financing Facility with A Lender, Multinational Bank 1
March 27, 2024 at 01:50 am IST
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On March 25, 2024, Angel Oak Mortgage REIT, Inc. and two of its subsidiaries, renewed their loan financing facility with a lender, ?Multinational Bank 1? in accordance with the mechanism for six-month renewal periods as provided for in the original Master Repurchase Agreement with Multinational Bank 1, dated April 13, 2022. The loan financing facility had previously been set to expire on June 25, 2024, and has been extended through September 25, 2024. Further, the interest rate pricing spread decreased to 2.00% from 2.10%.
Angel Oak Mortgage REIT, Inc. is a real estate investment trust (REIT) focused on acquiring and investing in first lien non-qualified residential mortgage (non-QM) loans and other mortgage-related assets in the United States (U.S.) mortgage market. The Company's objective is to generate attractive risk-adjusted returns for its stockholders through cash distributions and capital appreciation across interest rate and credit cycles. Its strategy is to make credit-sensitive investments in newly originated first lien non-QM loans that are primarily made to non-QM loan borrowers and primarily sourced from its mortgage lending platform, Angel Oak Mortgage Lending, which operates through a wholesale channel and has a national origination footprint. It also may invest in other residential mortgage loans, RMBS, and other mortgage-related assets, which, collectively with non-QM loans, are referred to as target assets. It is externally managed and advised by Falcons I, LLC (the Manager).
ANGEL OAK MORTGAGE REIT, INC. 
