Sherman Oaks, Calif.-based Genesis was previously owned by Goldman Sachs affiliates.
Genesis is reportedly on track for roughly $2 billion in loan originations this year and has 170 employees. Financial terms of the deal weren’t disclosed.
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Genesis Capital, a lender focused on fix-and-flip investors and small landlords, has been sold to New York-based real estate investment trust New Residential. So reports Bloomberg.
Sherman Oaks, Calif.-based Genesis was previously owned by Goldman Sachs affiliates.
Genesis is reportedly on track for roughly $2 billion in loan originations this year and has 170 employees. Financial terms of the deal weren’t disclosed.