Description

New York Mortgage Trust, Inc. is dedicated to the acquisition, investment, financing, and management of various residential mortgage-related assets across the United States. Its strategic portfolio encompasses different forms of residential loans, including first and second mortgages, as well as business-purpose loans. The company also engages in structured investments pertaining to multi-family properties, such as preferred equity stakes, mezzanine financing for property owners, and joint venture equity participations. Furthermore, it allocates capital to both non-agency and agency residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), and an array of other mortgage, housing, and credit-related holdings. Operating as a Real Estate Investment Trust (REIT) for federal income tax purposes, the entity typically avoids federal corporate income taxation, provided it distributes at least 90% of its taxable earnings to its shareholders. The firm was established in 2003 and its main operations are based in New York, New York.