New Residential Investment Corp. Acquires Genesis Capital LLC

December 20, 2021

New Residential Investment Corp. completed its acquisition of Genesis Capital LLC, a Sherman Oaks-based business-purpose lender, from affiliates of Goldman Sachs. The deal, financed with New Residential cash and committed asset-based financing from Goldman Sachs, adds loan origination capability to New Residential's single-family rental platform; Genesis originated roughly $2 billion of loans in 2021 and has about 170 employees.

Buyers
New Residential Investment Corp.
Targets
Genesis Capital LLC
Sellers
Affiliates of the Goldman Sachs Group, Inc.
Location
California, United States
Transaction Type
Buyout

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