New York Mortgage Trust announced that it has acquired the remaining 50% ownership interest in Constructive Loans, a leading originator of business purpose loans for residential real estate investors.
This all-cash deal, made through a wholly owned subsidiary, supports New York Mortgage Trust’s strategy to diversify and scale its earnings by integrating a top-tier operating platform. The acquisition enhances access to Constructive’s proprietary origination channels and extensive distribution network.
Since its founding in 2017, Constructive has demonstrated strong performance, originating over $1.7 billion in business purpose loans in the year ended June 30, 2025. Constructive will continue to operate as an independent subsidiary of New York Mortgage Trust, maintaining its experienced leadership team.
Advisors: BTIG served as the exclusive financial advisor. Mayer Brown served as M&A counsel, and Vinson & Elkins acted as tax and employment counsel to the New York Mortgage Trust in connection with the transaction.
KEY QUOTES:
“We are excited to take the next steps in our partnership with the talented team at Constructive. We believe that the acquisition of Constructive represents a step forward towards raising and diversifying the New York Mortgage Trust’s recurring income. This transaction appreciably expands NYMT’s presence within the residential credit markets and supports our core strategy of investing in business purpose loans.”
Jason Serrano, CEO of New York Mortgage Trust
“We are pleased to welcome the Constructive team to NYMT. Constructive has demonstrated an ability to maintain solid loan performance while expanding origination volume, and we believe that Constructive is well positioned to meet the growing financing needs of the single-family investor community. With a shared philosophy of strong credit underwriting, we are excited to build on this success.”
Nicholas Mah, President of the New York Mortgage Trust
“Since our founding, Constructive has provided reliable and competitive capital to residential real estate investors. We are thrilled to join NYMT with their residential mortgage credit expertise and deep capital market presence. We are excited to work together to bring the next level of growth in our origination of high-quality business purpose loans, and to further elevate the value we can deliver to Constructive’s clients.”
Ben Fertig, President of Constructive
