Deal Snapshot
TRINITY MERGER, BROADMARK WILL MERGE TO FORM MORTGAGE REIT
Tuesday 13 August 2019

US-based special purpose acquisition company Trinity Merger Corp. (NASDAQ: TMCX) and the Broadmark real estate lending companies and management companies, have entered into a definitive merger agreement for a business combination transaction to create an internally-managed, mortgage real estate investment trust with an expected equity value of USD 1.5bn, the companies said.
The Broadmark companies are specialty commercial real estate finance companies providing construction, land and development financing for commercial and residential properties.


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Details
Date Published: 13/08/2019
Target: Broadmark
Country: USA
Deal Size: 1.5bn (USD)
Sector: Construction/Real Estate
Type: Merger
Financing: Stock
Status: Agreed
Vendor:
Buyer: Trinity Merger Corp
Buyer Advisor: Gibson, Dunn and Crutcher , Raymond James and Associates
Comment:


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