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.
- Industry
- Financial Services
- Location
- California, United States
- Transaction Type
- Buyout
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