New York Mortgage Trust, Inc. Acquires Remaining Interest in Constructive Loans, LLC, Advancing NYMT’s Business Purpose Lending Strategy
New York Mortgage Trust (NASDAQ:NYMT) has acquired the remaining 50% ownership stake in Constructive Loans, LLC through an all-cash transaction. This acquisition follows NYMT's initial strategic investment in Constructive from 2021 and marks a significant expansion of their business purpose lending strategy.
Constructive, which has originated over $1.7 billion in business purpose loans during the last twelve months ending June 30, 2025, will continue operating as an independent subsidiary with its current leadership team. The acquisition strengthens NYMT's position in residential credit markets and enhances access to Constructive's proprietary origination channels and third-party distribution network.
New York Mortgage Trust (NASDAQ:NYMT) ha acquisito la restante quota del 50% di proprietà di Constructive Loans, LLC tramite un'operazione interamente in contanti. Questa acquisizione segue l'investimento strategico iniziale di NYMT in Constructive nel 2021 e rappresenta un'importante espansione della loro strategia di prestiti a scopo commerciale.
Constructive, che ha erogato oltre 1,7 miliardi di dollari in prestiti a scopo commerciale negli ultimi dodici mesi fino al 30 giugno 2025, continuerà a operare come una controllata indipendente con l'attuale team di leadership. L'acquisizione rafforza la posizione di NYMT nei mercati del credito residenziale e migliora l'accesso ai canali proprietari di origine di Constructive e alla rete di distribuzione di terze parti.
New York Mortgage Trust (NASDAQ:NYMT) ha adquirido el 50% restante de participación en Constructive Loans, LLC mediante una transacción totalmente en efectivo. Esta adquisición sigue a la inversión estratégica inicial de NYMT en Constructive en 2021 y representa una expansión significativa de su estrategia de préstamos con fines comerciales.
Constructive, que ha originado más de 1.700 millones de dólares en préstamos con fines comerciales durante los últimos doce meses hasta el 30 de junio de 2025, seguirá operando como una subsidiaria independiente con su equipo directivo actual. La adquisición fortalece la posición de NYMT en los mercados de crédito residencial y mejora el acceso a los canales de originación propios de Constructive y a su red de distribución de terceros.
New York Mortgage Trust (NASDAQ:NYMT)가 전액 현금 거래를 통해 Constructive Loans, LLC의 나머지 50% 지분을 인수했습니다. 이번 인수는 2021년 NYMT가 Constructive에 처음 전략적 투자를 한 이후 이루어진 것으로, 비즈니스 목적 대출 전략의 중요한 확장입니다.
Constructive는 2025년 6월 30일로 끝나는 지난 12개월 동안 17억 달러 이상의 비즈니스 목적 대출을 실행했으며, 현재의 리더십 팀과 함께 독립 자회사로 계속 운영될 예정입니다. 이번 인수는 NYMT의 주택 신용 시장 내 입지를 강화하고 Constructive의 독자적인 대출 채널 및 제3자 유통 네트워크에 대한 접근성을 향상시킵니다.
New York Mortgage Trust (NASDAQ:NYMT) a acquis la participation restante de 50 % dans Constructive Loans, LLC via une transaction entièrement en espèces. Cette acquisition fait suite à l'investissement stratégique initial de NYMT dans Constructive en 2021 et marque une expansion significative de leur stratégie de prêts à usage professionnel.
Constructive, qui a accordé plus de 1,7 milliard de dollars de prêts à usage professionnel au cours des douze derniers mois se terminant le 30 juin 2025, continuera à fonctionner en tant que filiale indépendante avec son équipe de direction actuelle. Cette acquisition renforce la position de NYMT sur les marchés du crédit résidentiel et améliore l'accès aux canaux d'origine propriétaires de Constructive ainsi qu'à son réseau de distribution tiers.
New York Mortgage Trust (NASDAQ:NYMT) hat die verbleibenden 50 % der Eigentumsanteile an Constructive Loans, LLC durch eine vollständig bar bezahlte Transaktion erworben. Diese Übernahme folgt auf NYMTs erste strategische Investition in Constructive im Jahr 2021 und markiert eine bedeutende Erweiterung ihrer Geschäftskreditstrategie.
Constructive, das in den zwölf Monaten bis zum 30. Juni 2025 über 1,7 Milliarden US-Dollar an Geschäftszweckdarlehen vergeben hat, wird weiterhin als eigenständige Tochtergesellschaft mit dem aktuellen Führungsteam operieren. Die Übernahme stärkt NYMTs Position auf den Wohnkreditmärkten und verbessert den Zugang zu Constructives proprietären Vergabekanälen und dem Drittvertriebsnetz.
- Full ownership acquisition provides complete control over Constructive's profitable business purpose lending platform
- Access to $1.7 billion in loan origination volume from the last 12 months
- Retention of experienced leadership team ensures operational continuity
- Enhanced diversification of recurring income streams
- Expanded access to proprietary origination channels and third-party distribution network
- All-cash transaction may impact short-term liquidity
- Integration risks associated with full ownership transition
- Increased exposure to business purpose lending market fluctuations
Insights
NYMT's full acquisition of Constructive Loans strengthens recurring income, expands origination capabilities, and diversifies business in the growing BPL market.
New York Mortgage Trust has completed a strategic acquisition by purchasing the remaining 50% stake in Constructive Loans, a significant player in the business purpose lending (BPL) space for residential real estate investors. This all-cash transaction builds upon NYMT's initial investment from 2021 and represents a vertical integration move that secures both origination capabilities and distribution networks.
The acquisition provides NYMT with direct access to Constructive's $1.7 billion in BPL originations over the past year, establishing a more predictable revenue stream. This volume demonstrates Constructive's established market position since its 2017 founding. By maintaining Constructive as an independent subsidiary with its leadership team intact, NYMT preserves operational continuity while gaining greater control over loan origination.
This transaction strategically positions NYMT in the growing business purpose loan market, which serves professional real estate investors rather than homeowners. The move aligns with industry trends toward specialized lending for the single-family rental and fix-and-flip segments. The acquisition should diversify NYMT's income sources beyond traditional mortgage investments, potentially reducing earnings volatility.
For NYMT shareholders, this represents a pivot toward more sustainable recurring revenue through operational business ownership rather than purely portfolio investments. The transaction leverages NYMT's mortgage credit expertise and capital markets access while expanding its footprint in residential credit markets, potentially creating synergies between portfolio strategy and origination capabilities.
NEW YORK, July 15, 2025 (GLOBE NEWSWIRE) -- New York Mortgage Trust, Inc. (Nasdaq: NYMT) (the “Company”) today announced that it has acquired the remaining
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
“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.
About New York Mortgage Trust
New York Mortgage Trust, Inc. is an internally managed real estate investment trust in the business of acquiring, investing in, financing and managing primarily mortgage-related residential assets.
About Constructive Loans, LLC
Constructive Loans, LLC is a leading business purpose loan lender specializing in rental and transitional loans for real estate investors. Constructive is currently headquartered in Oakbrook Terrace, Illinois and has 165 employees. Constructive operates in 48 states and D.C. Constructive was named the NPLA Conference Private Lender of the Year in 2024.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Forward-looking statements involve numerous risks and uncertainties. The Company’s actual results may differ from the Company’s beliefs, expectations, estimates and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Forward-looking statements are not historical in nature and can be identified by words such as “anticipate,” “estimate,” “will,” “should,” “expect,” “believe,” “intend,” “seek,” “plan” and similar expressions or their negative forms, or by references to strategy, plans, or intentions. Forward-looking statements are based on the Company’s beliefs, assumptions and expectations of the Company’s future performance, taking into account information currently available to the Company. Statements related to the Company’s anticipated benefits from the transaction; Constructive’s integration with the Company; the subsequent performance of the integrated companies; Constructive’s growth potential, positioning to meet financing needs and ability to deliver value; and lending markets in general are forward-looking statements. No assurance can be given that the Company will be able to realize the anticipated benefits of the transaction or successfully integrate Constructive or that Constructive will be able to grow, meet financing needs or deliver value. These forward-looking statements are subject to risks and uncertainties, including, without limitation, market conditions and those described under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 under “Item 1A. Risk Factors” and the Company’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2025 under “Item 1A. Risk Factors.” Other risks, uncertainties, and factors that could cause actual results to differ materially from those projected may be described from time to time in reports the Company files with the SEC, including reports on Forms 10-Q and 8-K. All forward-looking statements speak only as of the date on which they are made. New risks and uncertainties arise over time, and it is not possible to predict those events or how they may affect the Company. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.
For Further Information
| CONTACT: | AT THE COMPANY |
| Investor Relations | |
| Phone: 212-792-0107 | |
| Email: InvestorRelations@nymtrust.com | |
FAQ
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