---
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...

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