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Stock Market & Financial Investment News

News Breaks
August 12, 2014
07:06 EDTSWAYStarwood Waypoint buys two pools of non-performing loans, REOs
Starwood Waypoint Residential Trust announced that it completed the acquisition of two separate pools of non-performing loans for a total purchase price of $218.7M. The total purchase price includes 1,294 NPLs and 146 REO homes. The $202.4M total purchase price of the NPLs represents approximately 69.2% of the total unpaid principal balance of $292.6M and 72.2% of the estimated broker price opinion value of $280.4M at the time of each purchase. This total purchase price represents approximately 57.7% of the total UPB of $1.2B and 69.2% of the estimated total BPO value of $1B at the time of each purchase. The acquisition was primarily funded through the company’s existing $500M warehouse credit facility with Deutsche Bank A.G. At August 11, the company had utilized approximately $396M of capacity and had approximately $104M of availability under the expanded credit facility.
News For SWAY From The Last 14 Days
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September 24, 2014
07:02 EDTSWAYStarwood Waypoint acquires NPLs for $73.3M total
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September 16, 2014
10:50 EDTSWAYStarwood Waypoint initiated with a Neutral at Compass Point

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