Starwood Waypoint acquires big pool of NPLs

The package of 1,441 non-performing loans was completed for $117M, representing about 61.8% of the total unpaid principal balance. It's the 7th purchase by SWAY, with all done for a combined price of $473.6M, or 54.7% of the UPB. That's significantly cheaper than the most recent deal as distressed assets are maybe becoming harder to source.

In addition, the company gets more firepower for additional acquisitions, boosting its $350M warehouse credit facility to $500M.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs