MFA Financial, Inc. Announces Completion of Acquisition of Lima One Capital, LLC

Rhea-AI Summary

MFA Financial, Inc. (NYSE: MFA) has successfully completed its acquisition of Lima One Holdings, LLC from affiliates of Magnetar Capital and certain management members. This acquisition grants MFA full ownership of Lima One, a leading provider of business purpose loans for real estate investors with over $3 billion funded since 2010. Lima One's executive team will remain in place, continuing operations from Greenville, South Carolina. The transaction is strategically significant as it enhances MFA's investment portfolio in the residential mortgage sector.

Positive

• MFA now fully owns Lima One Holdings, enhancing its investment capabilities.
• Lima One has funded over $3 billion in loans, indicating strong market positioning.
• The executive leadership of Lima One remains, ensuring continuity in management and operations.

Negative

• None.

NEW YORK, July 2, 2021 /PRNewswire/ -- MFA Financial, Inc. (NYSE:  MFA) announced today that it has completed the previously announced acquisition from affiliates of Magnetar Capital of their ownership interests in Lima One Holdings, LLC, the parent company of Lima One Capital, LLC. As had been anticipated, MFA has also acquired from certain members of management of Lima One their ownership interests in Lima One Holdings. With the completion of these transactions, MFA now owns all of the outstanding ownership interests of Lima One Holdings. 

Also as previously announced, Lima One's executive leadership team has joined MFA, and they will continue to manage Lima One's business from its base in Greenville, South Carolina.

MFA Financial, Inc. is a real estate investment trust primarily engaged in the business of investing, on a leveraged basis, in residential mortgage assets, including residential whole loans and residential mortgage-backed securities.

Lima One Capital, LLC is a leading nationwide originator and servicer of business purpose loans for real estate investors and has funded over $3 billion in loans since its founding in 2010. For more information, please visit www.limaone.com.

Investor Contact:	MFA Investor Relations
	212-207-6488
	www.mfafinancial.com

Category: Lima One

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SOURCE MFA Financial, Inc.

FAQ

What is the recent acquisition by MFA Financial?

MFA Financial has acquired Lima One Holdings, LLC, securing full ownership and enhancing its investment strategy.

What company did MFA Financial acquire?

MFA Financial acquired Lima One Holdings, LLC and its subsidiary, Lima One Capital, LLC.

How much has Lima One funded since its inception?

Lima One has funded over $3 billion in loans since its establishment in 2010.

Where is Lima One's management team based?

Lima One's management team will continue operating from Greenville, South Carolina.

What impact does the acquisition have on MFA's business?

The acquisition strengthens MFA's portfolio in residential mortgages and business purpose loans, potentially increasing revenue streams.