RWF debt facility secures greater capabilities : vimarsana.c

RWF debt facility secures greater capabilities


Mortgage Business
RWF debt facility secures greater capabilities
By Sarah Buckley
12 January 2021
Yellow Brick Road’s joint venture with Magnetar, Resi Wholesale Funding, has secured a limit increase and availability extension of its debt facility.
Resi Wholesale Funding has secured a $130-million limit increase and extended the availability period for the debt facility provided to the trustee of the RWF Warehouse Trust No.1.
The limit has risen from $120 million to $250 million, and the availability now runs to 21 February 2022.
The limit increase is subject to a number of conditions, including securing the required amount of mezzanine funding in accordance with terms of the new limit.

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