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Alesco Financial (AFN)
Invests in subordinated debt
financings issued by middle market banks and insurance companies,
residential mortgage backed securities, and leveraged loans issued by
middle market corporations.
American
Mortgage Acceptance (AMC)
Originates
and invests in mezzanine loans, bridge loans, and mortgages secured by multifamily housing
and commercial properties in the U.S.
Annaly
Mortgage Management (NLY)
Invests
in single-family, adjustable-rate and fixed-rate mortgage-backed
securities that are guaranteed by quasi-government agencies such as Fannie Mae
and Freddie Mac.
Anworth
Mortgage Asset (ANH)
Invests
in single-family, adjustable-rate and fixed-rate mortgage-backed
securities that are guaranteed by quasi-government agencies such as
Fannie Mae and Freddie Mac.
Arbor
Realty Trust (ABR)
Provides specialty financing, such as mezzanine and bridge loans for
multifamily and commercial real estate, with principal amounts under $40
million. May also Arbor take ownership position in financed property.
Ashford
Hospitality (AHT)
Invests
in hospitality properties via direct equity investments, first mortgages,
mezzanine loans and sale-leaseback transactions.
BRT
Realty (BRT)
Originates
and holds senior and junior real estate mortgage loans secured by
multi-family residential properties, office buildings, shopping centers,
mixed use buildings, hotels/motels, and industrial buildings.
Capital
Alliance Income (CAA)
Originates
and invests in conforming and non-conforming (too big for Fannie Mae &
Freddie Mac)
mortgages on one-to-four-unit-residential properties located primarily
in California and other western states. Also originates loans for sale
to investors.
CapLease (LSE)
Finances commercial real estate that is net leased primarily to single
tenants with investment grade or near investment grade credit ratings.
Capital
Trust (CT)
Makes
mezzanine and other types of specialty backed by commercial real estate
assets. Also manages similar investments for institutional investors.
Capstead
Mortgage (CMO)
Invests
in single-family residential adjustable-rate mortgages insured by
quasi-government entities such as Fannie Mae.
CBRE
Realty Finance (CBF)
Originates and buys loans and other
securities backed by commercial real estate properties.
Countrywide
Financial (CFC)
Originates residential real estate
mortgages. Has agreed to be acquired by Bank of America.
Deerfield Capital (DFR)
Invests in corporate loans, commercial real
estate loans and residential mortgage-backed securities.
Dynex
Capital (DX)
Invests
in loans secured by single-family residential and commercial property
mortgages, manufactured housing installment loans and delinquent
property tax receivables.
Gramercy
Capital (GKK)
Originates and acquires senior
loans, mezzanine loans and distressed property loans secured by
commercial and multi-family properties.
Hanover
Capital Mortgage (HCM)
Invests
in subordinated mortgage-backed securities issued by third parties,
which are collateralized by pools of prime single-family mortgage loans.
Also invests in mortgage-backed securities issued by Fannie Mae, and
purchases whole single-family mortgage loans for investment,
securitization and resale.
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IMPAC
Mortgage Holdings (IMH)
Invests
in nonconforming (too big for Fannie Mae & Freddie Mac) residential mortgage loans, including
second-mortgages.
iStar
Financial (SFI)
Provides custom- tailored investment capital mostly to high-end private
and corporate owners of commercial real estate. Financing includes
senior and mezzanine real estate debt, senior and mezzanine corporate
capital, as well as corporate net lease financing and equity. iStar has
also financed high-rise condominium construction projects.
JER Investors (JRT)
Invests in securities backed by commercial real estate including
mortgage backed securities, mezzanine loans, first mortgage loan
participations, and B-Note participations in mortgage loans.
Luminent
Mortgage Capital (LUM)
Invests
in residential mortgage-backed securities. Filed to change from REIT to
publicly-traded partnership.
MFA
Mortgage Investments (MFA)
Invests
in mortgages insured or guaranteed by the quasi-government agencies such
as Fannie Mae.
National
Health Investors (NHI)
Finances
mostly long-term health care properties via first mortgages and purchase and
leaseback transactions.
Newcastle
Investment (NCT)
Invests
in mortgages on residential, manufactured housing, and commercial properties.
NorthStar Realty Finance (NRF)
Primarily originates and invests in
debt and other securities secured by commercial real estate properties.
Also takes ownership positions in commercial properties.
Origen Financial (ORGN)
Originates and services manufactured housing loans.
PMC Commercial
Trust (PCC)
Originates loans to small businesses such as
motels, franchises,
shopping centers, apartments, office buildings, retail stores, and
factories, primarily secured by
related real estate.
RAIT
Investment Trust (RAS)
Invests in commercial mortgages, mezzanine loans and other loans, trust
preferred securities, subordinated debentures and other real
estate-related debt securities and investments.
Redwood Trust (RWT)
Invests in residential and commercial real estate loans, and in
asset-backed securities backed by real estate loans. It credit-enhances
loans by acquiring and managing the first-loss and credit-sensitive
securities that bear the credit risk of securitized loans.
Resource
Capital (RSO)
Invests in commercial real estate-related assets such as whole loans,
A-notes, B-notes, mezzanine loans and mortgage-related securities and
commercial finance assets such as other asset-backed securities, senior
secured corporate loans, equipment leases and notes, trust preferred
securities, debt tranches of collateralized debt obligations and private
equity investments principally issued by financial institutions.
Thornburg
Mortgage (TMA)
Originates,
acquires, and retains investments in adjustable and variable rate
residential mortgage (ARM) assets.
Vestin Realty
Mortgage I (VRTA)
Makes commercial real estate loans, primarily to real estate developers,
in nine states.
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