Back

EJFZ

0.00%
NEUTRAL

EJF Investments Announces New Credit Risk Transfer Investment

Why we think this is neutral

This RNS announcement provides a portfolio update on EJF Investments' latest investment in a Credit Risk Transfer securitization transaction. While the details of the investment are provided, the announcement does not contain any of the mandatory news types that would require a more detailed analysis and sentiment scoring.

Key Points

  • EJF Investments has invested in its third Credit Risk Transfer (CRT) investment
  • The investment was part of a $150 million securitization transaction for Third Coast Bank
  • EJF Capital LLC invested an aggregate of $22.5m in the first loss tranche, with $6m invested by EJFI
  • The estimated yield on the CRT investment is 15.85%, with an expected duration of 2.75 years

Summary

The investment firm has made a new investment in a Credit Risk Transfer securitization transaction, providing exposure to a portfolio of commercial real estate loans.

EJF Investments Ltd (EJFI) has announced that it has invested in its third Credit Risk Transfer (CRT) investment arranged by EJF Capital LLC. The investment was part of a $150 million securitization transaction for Third Coast Bank, a Texas banking association. Certain funds managed by EJF invested an aggregate of $22.5m in the first loss tranche of the securitization, $6m of which was invested by EJFI. The estimated yield on the CRT investment is 15.85%, with an expected duration of 2.75 years.

GENERAL UPDATE