loanDepot Inc. Announces $150 Million Private Offering of Secured Term Notes
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loanDepot Inc. has completed a private offering of secured term notes totaling $150 million. These notes, issued by loanDepot GMSR Master Trust, are secured by assets related to mortgage servicing rights on Ginnie Mae guaranteed loans. They are variable rate, maturing on July 16, 2030. Proceeds were used to pay down a previous variable funding note, with Nomura Securities International, Inc. acting as the manager for the transaction.
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