Goldman Sachs buys US fix-and-flip mortgage company

Goldman Sachs has bought Genesis Capital, a US mortgage firm that finances residential real estate development loans, as a long period of house price increases drives loan origination in that sector prompting expectations of more securitization activity.

  • By David Bell
  • 12 Oct 2017

Goldman Sachs has signed an agreement to buy Genesis from funds managed by Oaktree Capital Management, according to a notice on the company’s website on Thursday. The terms of the transaction have not been disclosed.

The company specializes in providing financing solutions to professional real estate developers ...

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1 Bank of America Merrill Lynch (BAML) 6,415 22 12.84
2 Citi 5,781 17 11.57
3 BNP Paribas 3,530 14 7.06
4 Credit Suisse 2,783 8 5.57
5 Rabobank 2,633 4 5.27

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5 Credit Suisse 41,885.89 127 5.55%