Description

New York Mortgage Trust, Inc. actively acquires, invests in, finances, and oversees a diverse portfolio of residential mortgage-related assets throughout the United States, encompassing both single-family and multi-family properties. Its investment strategy focuses on various instruments, including a range of residential loans (such as first and second mortgages, and business-purpose loans), alongside structured multi-family property investments like preferred equity stakes, mezzanine financing for owners, and joint venture equity partnerships. The company's holdings also extend to both non-agency and agency residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), and other assets tied to mortgages, housing, and credit. Operating as a real estate investment trust (REIT) for federal income tax purposes, the company can generally avoid federal corporate income tax obligations by distributing at least 90% of its taxable earnings to its shareholders. The firm was established in 2003 and its headquarters are located in New York, New York.