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Harbor Group closes first CLO with $558M in deals


The offering is comprised exclusively of bridge loans on multifamily assets across the United States.
RICHARD LITTON
“The close of our initial CLO marks a significant
progression for Harbor Group International as we grow our debt and alternatives
investment platform and adapt our business to meet changing market needs,”
said Richard Litton, president, HGI. “We intend to continue to leverage
our deep multifamily expertise to be a CLO manager and bridge lender on a
long-term basis.”
In 2020, HGI established its whole loan bridge lending
platform, originating senior mortgage loans for multifamily borrowers seeking
short-term financing for new construction and value-add assets. In addition to ....

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Ready Capital Corporation (RC) Q1 2021 Earnings Call Transcript


Operator
Greetings and welcome to Ready Capital Corp. s First Quarter 2021 Earnings Conference Call. [Operator Instructions] [Operator Instructions]
I would now like to turn the conference over to your host, Mr. Andrew Ahlborn, Chief Financial Officer. Thank you. You may begin.
Andrew Ahlborn, CPA
Chief Financial Officer
Thank you, operator, and good morning, thanks to those of you on the call for joining us this morning. Some of our comments today will be forward-looking statements within the meaning of the federal securities laws. Such statements are subject to numerous risks and uncertainties that could cause actual results to differ materially from what we expect, therefore, you should exercise caution in interpreting and relying on them. ....

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