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NEW YORK, July 15, 2025 (GLOBE NEWSWIRE) -- New York Mortgage Trust, Inc. (NASDAQ:NYMT) (the "Company") today announced that it has acquired the remaining 50% ownership interest in Constructive Loans, LLC ("Constructive"), a leading originator in business purpose loans for residential real estate investors. This all-cash transaction, completed through a wholly owned subsidiary of the Company, represents a significant milestone in the Company's ongoing strategy to diversify and scale its recurring earnings through the inclusion of a top operating platform.
This acquisition builds on the Company's initial strategic investment in Constructive in 2021 and reflects the Company's belief in Constructive's growth potential and value to the residential credit market. This transaction will bolster the Company's access to Constructive's proprietary origination channels and broad third-party distribution network.
Constructive has demonstrated solid profitability and performance since its founding in 2017. Over the last twelve months ended June 30, 2025, Constructive has originated more than $1.7 billion of business purpose loans. Constructive will operate as an independent subsidiary of the Company with its experienced leadership team remaining in place.
"We are excited to take the next steps in our partnership with the talented team at Constructive. We believe that the acquisition of Constructive represents a step forward towards raising and diversifying the Company's recurring income," said Jason Serrano, CEO of the Company. "This transaction appreciably expands NYMT's presence within the residential credit markets and supports our core strategy of investing in business purpose loans."
Nicholas Mah, President of the Company, added: "We are pleased to welcome the Constructive team to NYMT. Constructive has demonstrated an ability to maintain solid loan performance while expanding origination volume, and we believe that Constructive is well positioned to meet the growing financing needs of the single-family investor community. With a shared philosophy of strong credit underwriting, we are excited to build on this success."
"Since our founding, Constructive has provided reliable and competitive capital to residential real estate investors," said Ben Fertig, President of Constructive, "We are thrilled to join NYMT with their residential mortgage credit expertise and deep capital market presence. We are excited to work together to bring the next level of growth in our origination of high-quality business purpose loans, and to further elevate the value we can deliver to Constructive's clients."
BTIG, LLC served as exclusive financial advisor. Mayer Brown LLP served as M&A counsel, and Vinson & Elkins LLP acted as tax and employment counsel to the Company in connection with the transaction.
Posted In: NYMT
