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Agreement signedPublished 23 Nov 2022

Purple Orchid Trust /
Angel Oak Mortgage Fund TRS

Purple Orchid Trust to purchase residential mortgage loans from Angel Oak Mortgage Fund TRS

Price
$343.4m
Stage
Agreement signed
Buy side: Purple Orchid Trust
Buy sidePurple Orchid Trust
Target: Angel Oak Mortgage Fund TRS
TargetAngel Oak Mortgage Fund TRS
Source · 23 Nov 2022
See the source
Buy side: Purple Orchid Trust
Buy sidePurple Orchid Trust
Target: Angel Oak Mortgage Fund TRS
TargetAngel Oak Mortgage Fund TRS
01 / BuyerPurple Orchid Trust
02 / TargetAngel Oak Mortgage Fund TRS
01

What happened

Purple Orchid Trust agreed to purchase certain non-QM and investor cash flow residential mortgage loans from Angel Oak Mortgage Fund TRS. The portfolio has a total unpaid principal balance of approximately $343.4 million.

The purchase price is $284.2 million. The loans are scheduled to transfer in tranches, with the remainder to be conveyed before the end of December 2022.

02

The source

Everything on this page comes from the source below.

01
Source · Original source

Purple Orchid Trust to purchase residential mortgage loans from Angel Oak Mortgage Fund TRS

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03

Timeline

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  1. Published by the source

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