Innovative $1.1 Billion Repurchase Facility
Entered into a $1.1 billion repurchase facility with JPMorgan, enhancing liquidity by approximately $80 million and providing a two-year replenishment period.
Strong CLO Securitization Market Activity
Demonstrated leadership in the CLO market with strong demand and expectations for a robust market going forward, contributing to future earnings growth.
Single-Family Rental Business Growth
Closed approximately $200 million in new business in the first quarter, with a strong pipeline, contributing to diversified income streams and future earnings.
Construction Lending Progress
Closed $92 million in the first quarter and $58 million in April, with a growing pipeline, aiming to exceed the $250 million to $500 million production guidance for 2025.
Deleveraging Success
Successfully reduced leverage by 30% to a ratio of 2.8 to 1, down from a peak of around 4.0 to 1 over two years ago.