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ZAIS Financial Corp. Closes Whole Loan Lending Facility And Completes Whole Loan Purchase

Stocks in this article: ZFC

RED BANK, N.J., June 3, 2013 /PRNewswire/ -- ZAIS Financial Corp. (NYSE: ZFC) ("ZAIS Financial" or the "Company") announced that it has closed a $150 million committed financing facility for the purchase of residential whole loans.  The facility is in the form of a Master Repurchase Agreement with Citibank, N.A.  The Company has utilized approximately $78.5 million of this facility to fund a portion of the purchase price of the May 31, 2013 acquisition of a residential mortgage loan portfolio with an unpaid principal balance of approximately $136.6 million.  "We are pleased to have added whole loan financing capacity and also to have utilized a portion of that financing capacity to fund a portfolio purchase that moves us towards our long-term asset allocation target with respect to whole loans," said Michael Szymanski, President of ZAIS Financial.

About ZAIS Financial Corp.

ZAIS Financial Corp. is a real estate investment trust ("REIT") which invests in, finances and manages a diversified portfolio of residential mortgage assets, other real estate-related securities and financial assets.  The Company is externally managed and advised by ZAIS REIT Management, LLC, a subsidiary of ZAIS Group, LLC.  Additional information can be found on the Company's website at www.zaisfinancial.com.

SOURCE ZAIS Financial Corp.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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