RED BANK, N.J., Aug. 15, 2014 /PRNewswire/ -- ZAIS Financial Corp. (NYSE: ZFC) ("ZAIS Financial" or the "Company") today announced that it has closed a $100 million committed financing facility for the purchase of residential whole loans. The facility is in the form of a Master Repurchase Agreement with Credit Suisse First Boston Mortgage Capital LLC.
"We are pleased to have expanded our whole loan financing capacity which enables us to further advance our residential mortgage loan strategy," said Michael Szymanski, President of ZAIS Financial.
The Company will file a Form 8-K with the Securities and Exchange Commission containing further details of the terms of the Master Repurchase Agreement.ABOUT ZAIS FINANCIAL CORP. ZAIS Financial Corp. is a real estate investment trust ("REIT") which originates, 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.
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