Reverse Mortgage Investment Trust, a REIT recently formed to originate, service and invest in reverse mortgage loans, filed on Friday with the SEC to raise up to $100 million in an initial public offering.
The Bloomfield, NJ-based company, which was founded in 2013 and booked $4 million in sales for the 12 months ended September 30, 2014, plans to list on the NYSE under the symbol RMIT. FBR Capital Markets is the sole bookrunner on the deal. No pricing terms were disclosed.
