Rithm Capital (RITM) Corp. announced it has entered into a strategic partnership with a large institutional investor. As part of the agreement, the partnership will fund the near-term acquisition of up to $500M of residential transitional loans, with the potential to acquire up to $1.5B. The parties will form a dedicated investment partnership to fund the acquisition of the loans and will be managed by Rithm Capital Advisors LLC. The loans will be serviced by Rithm’s subsidiary Genesis Capital LLC.
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