November 21, 2024November 21, 2024

Fintech New Silver Inks Deal With Fortress for Real Estate Loans

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Fortress Investment Group LLC has clinched a deal to buy real estate loans originated by financial technology platform New Silver, according to a statement seen by Bloomberg, as private credit firms grow their footprint in asset based debt.

The investment firm will help New Silver expand in real estate transition loans, including fix-and-flip and construction loans, which can be shorter term. The deal will be in the form of a so-called forward-flow agreement, where a buyer agrees to purchase loans before they have been originated.

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