SLD News

Sutherland Asset Management, a REIT that acquires, originates, manages and services small balance commercial (SBC) loans, postponed its IPO on Thursday citing poor market conditions. The externally-managed REIT was planning to raise $125 million by offering 8.1 million shares (25% insider) at a $15 to $16 range. At the proposed midpoint, the New York-based company would have...read more

The 2015 IPO market kicks off with three finance companies including a mortgage REIT, an insurance service company and a Wisconsin dairy-focused bank. Financial offerings averaged three per month in 2014 and averaged 2% on the first day and 0.4% thereon. Insiders plan to float a portion of each deal on this week's ...read more

The 2015 IPO market kicks off with three financial firms, including two REITs and an insurance broker. All three had previously attempted to go public. Mortgage REIT Sutherland Asset Management is set to raise $125 million and Patriot National could raise $141 million. Both deals, which...read more

Sutherland Asset Management, a REIT managed by Waterfall Asset Management focused on commercial loans and MBS, announced terms for its IPO on Tuesday. The New York, NY-based company plans to raise $125 million by offering 8.1 million shares (25% insider) at a price range of $15 to $16. At the midpoint of the proposed range, it would command a fully diluted market value of $592...read more