Investment giants ranging from private equity shops to banks are betting big on house-flipping loans. Private equity firm KKR increased its investment in New Jersey-based mortgage firm Toorak Capital Partners from $75 million to $250 million. Toorak buys loans from firms like LendingHome and PeerStreet, which issue 12-month, high-yield mortgages for home fix-and-flip projects. Meanwhile, investment bank Goldman Sachs has also started issuing loans to home flippers. Research firm Nomura estimates that the total issuance […]
source https://therealdeal.com/2018/05/14/kkr-doubles-down-on-house-flipping-loans/
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