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) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

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5 Credit Suisse 51,560.77 157 5.45%