Fortress Investment Group LLC has completed the acquisition of real estate loans from New Silver, a fintech platform. This move signifies the private credit sector's expansion into asset-based debt.
The partnership aims to enhance New Silver's offerings in real estate transition loans, such as fix-and-flip and construction loans, which typically have shorter durations. The agreement is structured as a forward-flow arrangement, allowing Fortress to purchase loans before they are originated. This innovative approach is expected to streamline the financing process and support New Silver's growth in the competitive real estate lending market.