AAMC Enters into Forward Sale Contracts to Sell Alternative Credit Products
Establishing partnerships with blue chip asset managers affirms AAMC’s distinctive loan origination template: AAMC’s strategy leverages growing relationships with large multi-asset managers to originate loans based on the specific loan criteria of individual asset managers, as opposed to a one-size-fits-all securitization-based model.
“These counterparties would not have entered into this arrangement if they did not value our business model,” said
Kopcak reports that AAMC is in process with five additional counterparties regarding similar forward contracts.
“This is exciting for AAMC,” said Kopcak, “these partnerships underscore the value of our model, suggest that the credit market is healing and demonstrate renewed interest in this asset class.”
AAMC is a private credit provider that originates alternative assets to provide liquidity and capital to underserved markets. We also continue to assess opportunities that could potentially be of long-term benefit to shareholders. Additional information is available at www.altisourceamc.com.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding management’s beliefs, estimates, projections, anticipations, and assumptions. These statements may be identified by words such as “anticipate,” “intend,” “expect,” “may,” “could,” “should,” “would,” “plan,” “estimate,” “target,” “seek,” “believe” and other expressions or words of similar meaning. We caution that forward-looking statements are qualified by the existence of certain risks and uncertainties that could cause actual results and events to differ materially from what is contemplated by the forward-looking statements.
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