KKR, the investment firm known for company takeovers, has doubled its stake in a company that targets house-flipping. The firm invested another $250 million in New Jersey-based Toorak Capital Partners, which has $1.5 billion in house-flipping loans on its books, according to the Wall Street Journal. Toorak buys loans from firms like LendingHome and PeerStreet, which issue 12-month, high-yield mortgages for home fix-and-flip projects that fetch interest rates between 8 to 12 percent. In May […]
source https://therealdeal.com/national/2019/06/12/kkr-invests-another-250m-in-house-flipping-firm/#new_tab
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