EJF Capital Closes Securitization of a $150 Million Commercial Real Estate Loan Originated by Third Coast Bank
4 juni, 14:00
EJF Capital LLC (“EJF Capital”), a global alternative asset management firm with approximately $5.3 billion of assets under management, today announced that it has completed a $150 million securitization transaction for Third Coast Bank, a Texas banking association and wholly owned bank subsidiary of Third Coast Bancshares, Inc. (NASDAQ: TCBX).
The transaction follows EJF Capital’s April 9, 2025 announcement of the completion of a separate $100 million securitization transaction for Third Coast Bank. The April transaction was secured by interests in a portfolio of eleven Residential Master Planned Communities under development in the Houston, Dallas and Austin metropolitan areas of Texas.
Manny Friedman, Co-Founder and Co-Chief Executive Officer of EJF, said, “We are pleased to once again structure and sponsor a securitization transaction for Third Coast Bank that will reduce the bank’s risk-weighted assets under applicable risk-based capital rules, while helping to further diversify the bank’s on-balance sheet loan portfolio. We are proud to serve as the flexible capital solution provider of choice to Third Coast Bank and other U.S. bank management teams seeking innovative de-risking solutions.”
Mayer Brown LLP acted as legal counsel to EJF Capital and its affiliates on the transactions. Cadwalader, Wickersham & Taft LLP acted as legal counsel to Third Coast Bank on the transactions.
About EJF Capital
EJF Capital LLC (“EJF”) is a global alternative asset management firm focused primarily on regulatory event-driven investing within the financial sector. EJF was founded by Manny Friedman and Neal Wilson in 2005 and is headquartered just outside of Washington, D.C., with an additional research office in London. As of March 31, 2025, EJF manages approximately $5.3 billion, including $2.9 billion in CDO assets through affiliates, across a diverse group of alternative asset strategies. EJF’s approach combines investment expertise across the capital structure with a corporate finance focus to unearth creative solutions for investing in complex, mispriced securities and other assets. To learn more, please visit http://ejfcap.com and please read additional Risks and Limitations located here.
About Third Coast Bancshares, Inc.
Third Coast Bancshares, Inc. is a commercially focused, Texas-based bank holding company operating primarily in the Greater Houston, Dallas-Fort Worth, and Austin-San Antonio markets through its wholly owned subsidiary, Third Coast Bank. Founded in 2008 in Humble, Texas, Third Coast Bank conducts banking operations through 19 branches encompassing the four largest metropolitan areas in Texas. Please visit https://www.thirdcoast.bank for more information.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250604655046/en/
EJF Capital Closes Securitization of a $150 Million Commercial Real Estate Loan Originated by Third Coast Bank
4 juni, 14:00
EJF Capital LLC (“EJF Capital”), a global alternative asset management firm with approximately $5.3 billion of assets under management, today announced that it has completed a $150 million securitization transaction for Third Coast Bank, a Texas banking association and wholly owned bank subsidiary of Third Coast Bancshares, Inc. (NASDAQ: TCBX).
The transaction follows EJF Capital’s April 9, 2025 announcement of the completion of a separate $100 million securitization transaction for Third Coast Bank. The April transaction was secured by interests in a portfolio of eleven Residential Master Planned Communities under development in the Houston, Dallas and Austin metropolitan areas of Texas.
Manny Friedman, Co-Founder and Co-Chief Executive Officer of EJF, said, “We are pleased to once again structure and sponsor a securitization transaction for Third Coast Bank that will reduce the bank’s risk-weighted assets under applicable risk-based capital rules, while helping to further diversify the bank’s on-balance sheet loan portfolio. We are proud to serve as the flexible capital solution provider of choice to Third Coast Bank and other U.S. bank management teams seeking innovative de-risking solutions.”
Mayer Brown LLP acted as legal counsel to EJF Capital and its affiliates on the transactions. Cadwalader, Wickersham & Taft LLP acted as legal counsel to Third Coast Bank on the transactions.
About EJF Capital
EJF Capital LLC (“EJF”) is a global alternative asset management firm focused primarily on regulatory event-driven investing within the financial sector. EJF was founded by Manny Friedman and Neal Wilson in 2005 and is headquartered just outside of Washington, D.C., with an additional research office in London. As of March 31, 2025, EJF manages approximately $5.3 billion, including $2.9 billion in CDO assets through affiliates, across a diverse group of alternative asset strategies. EJF’s approach combines investment expertise across the capital structure with a corporate finance focus to unearth creative solutions for investing in complex, mispriced securities and other assets. To learn more, please visit http://ejfcap.com and please read additional Risks and Limitations located here.
About Third Coast Bancshares, Inc.
Third Coast Bancshares, Inc. is a commercially focused, Texas-based bank holding company operating primarily in the Greater Houston, Dallas-Fort Worth, and Austin-San Antonio markets through its wholly owned subsidiary, Third Coast Bank. Founded in 2008 in Humble, Texas, Third Coast Bank conducts banking operations through 19 branches encompassing the four largest metropolitan areas in Texas. Please visit https://www.thirdcoast.bank for more information.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250604655046/en/
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