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Rithm Capital Announces Forward Flow Agreement with Upgrade, Inc. to Acquire $1 Billion in Home Improvement Loans

1. Rithm Capital secured a $1 billion loan acquisition deal. 2. This strategic move enhances RITM's presence in home improvement financing.

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+0.24%S&P 500
$12.2108/05 09:21 AM EDTEvent Start
$12.13508/06 04:00 PM EDTLatest Updated
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FAQ

Why Bullish?

The acquisition of $1 billion in loans can significantly bolster RITM's revenue streams, reminiscent of past successful expansions that positively affected share prices.

How important is it?

The substantial loan acquisition aligns with RITM's business model, enhancing its market positioning and financial performance expectations.

Why Long Term?

Establishing a significant position in home improvement loans indicates sustained revenue potential, echoing trends where similar business moves benefited companies like RITM in the long run.

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UPSTSYF
NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. (NYSE: RITM, “Rithm” or the “Company”), a global, multi-dimensional asset manager with deep experience investing in real estate and credit, today announced it has closed a one-year forward flow agreement to acquire $1 billion in home improvement loans originated and serviced by Upgrade, Inc. (“Upgrade”), a fintech company that offers affordable and responsible credit and mobile banking to mainstream consumers. This acquisition enables Rithm to unde.

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