---
title: "Ishbia put up roughly $4.6 billion of UWM stock as …"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296385478.md"
description: "Prior to purchasing the Phoenix Suns in 2023, Josh Ishbia secured two JPMorgan loans totaling approximately $4.6 billion. To facilitate the $4 billion acquisition, his personal holding company pledged 805 million shares of UWM stock as collateral, representing over half of UWM's outstanding shares."
datetime: "2026-08-19T17:34:41.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296385478.md)
  - [en](https://longbridge.com/en/news/296385478.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296385478.md)
generator: "portal-rs"
---

# Ishbia put up roughly $4.6 billion of UWM stock as …

Just days before he purchased the Phoenix Suns in 2023, Ishbia secured two loans from JPMorgan. Those loans gave Ishbia the liquidity he needed to complete the $4 billion purchase, but in exchange, Ishbia’s personal holding company had to pledge 805 million shares of UWM stock as collateral. That pledge represented more than half of all UWM's outst...

### Related Stocks

- [UWMC.US](https://longbridge.com/en/quote/UWMC.US.md)
- [JPM.US](https://longbridge.com/en/quote/JPM.US.md)
- [JPX.US](https://longbridge.com/en/quote/JPX.US.md)
- [JPMO.US](https://longbridge.com/en/quote/JPMO.US.md)
- [UWMCW.US](https://longbridge.com/en/quote/UWMCW.US.md)
- [UWMC+.US](https://longbridge.com/en/quote/UWMC+.US.md)
- [JPM-M.US](https://longbridge.com/en/quote/JPM-M.US.md)
- [JPM-C.US](https://longbridge.com/en/quote/JPM-C.US.md)
- [JPM-D.US](https://longbridge.com/en/quote/JPM-D.US.md)
- [JPM-L.US](https://longbridge.com/en/quote/JPM-L.US.md)
- [8634.JP](https://longbridge.com/en/quote/8634.JP.md)
- [JPM-K.US](https://longbridge.com/en/quote/JPM-K.US.md)
- [JPM-J.US](https://longbridge.com/en/quote/JPM-J.US.md)

## Related News & Research

- [18:00 ETUWMC INVESTOR ALERT: UWM Holdings Corporation Investors with $150K+ Losses Have Opportunity to Lead UWM Class Action Lawsuit](https://longbridge.com/en/news/297093008.md)
- [06:39 ETUWMC Investor Losses: UWM Holdings Hedging Strategy Issues and Corresponding 34% Stock Drop Trigger Securities Class Action for Investors](https://longbridge.com/en/news/296898823.md)
- [17:27 ETUWMC Investors Have Opportunity to Lead UWM Holdings Corporation Securities Fraud Lawsuit](https://longbridge.com/en/news/297408897.md)
- [12:23 ETUWMC Alert: UWM (UWMC) Faces Securities Class Action After Investors Learn of Massive Over-Hedge Loss](https://longbridge.com/en/news/297352491.md)
- [Perma-Pipe Secures $89 Million Secured Credit Facility Led by JPMorgan, Maturing 2031](https://longbridge.com/en/news/297180995.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**