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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