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WSJ.com – This real estate investment trust sold its wholesale mortgage lending platform assets to Tribeca Lending Corp., a subsidiary of Franklin Credit Management, and certain assets of the retail mortgage banking platform to IndyMac for $13.4 million. As a result of the transaction, co-CEO Steven Schnall, resigned, although he remains as chairman. 02.
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Firm Capital Mortgage Investment Corporation Closes $23 Million Bought Deal Financing – About the Corporation The Corporation, through its mortgage banker, Firm Capital Corporation, is a non-bank lender providing residential and commercial short-term bridge and conventional real estate.
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