Mfa Financial, Inc. · NYSE:MFA
Mfa Financial — Merger or Acquisition (May 2021)
10 slides from Mfa Financial's merger presentation, May 6, 2021
Slide 1: Strategic Acquisition of Lima One Capital to Accelerate BPL Investment Strategy
Strategic Acquisition of Lima One Capital to Accelerate BPL Investment Strategy Investor Presentation May 6, 2021
Slide 2: Cautionary language regarding forward-looking statements
Cautionary language regarding forward-looking statements This presentation contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements related to MFA’s agreement to acquire substantially all of the
Slide 3: Transaction Summary
Transaction Summary On May 5, 2021, MFA entered into a definitive agreement to acquire substantially all of the remaining ownership interests in Lima One Holdings, LLC (together with Lima One Capital, LLC and other affiliates, “Lima One”) that it did not previously own Lima One is a leading nationwi
Slide 4: Transaction Rationale
Transaction Rationale Leading Business Purpose Lending Franchise Lima One is a nationwide origination and servicing platform with >$3B of cumulative originations and outstanding product diversity and service, which drives borrower satisfaction and loyalty Strategic Combination Pairs MFA’s BPL ag
Slide 5: Lima One is a Leading Business Purpose Lending Franchise
Lima One is a Leading Business Purpose Lending Franchise Lima One is a leading nationwide originator and servicer of business purpose loans with over $3 billion of cumulative volume since inception and a strong reputation with borrowers and institutional loan buyers Cumulative Originations Founded
Slide 6: Strategic Acquisition Creates Differentiated Platform
Strategic Acquisition Creates Differentiated Platform Culmination of a multiyear partnership that combines a leading capital provider with a leading origination and servicing franchise in the highly attractive business purpose lending sector Leading BPL Capital Provider Leading BPL Originator and Se
Slide 7: Compelling Market Backdrop With Large, Durable Opportunity
Compelling Market Backdrop With Large, Durable Opportunity Business purpose lending includes a wide but interconnected array of borrower and collateral types across three primary segments: fix-and-flip / construction, transitional multifamily and single family rental Fix-and-Flip / Construction Tran
Slide 8: Strong Risk Management Via High Quality Origination and Servicing
Strong Risk Management Via High Quality Origination and Servicing Lima One is one of a limited number of $1+ billion annual BPL originators and has a strong track record of producing high quality assets and providing high quality servicing to institutional loan buyers Granular Superior Low Assets Yi
Slide 9: Lima One's Comprehensive Product Offering
Lima One’s Comprehensive Product Offering Lima One is unique in its ability to develop and offer a comprehensive product suite that serves the diverse and dynamic financing needs of real estate investors, resulting in a strong reputation with borrowers FixNFlip Loan Programs Rental Loan Programs Mul
Slide 10: Lima One's Diverse Origination Footprint
Lima One’s Diverse Origination Footprint Strong core Southeast and Mid-Atlantic presence complemented by national lending capability, with over 75% of production sourced directly and over 50% of production from repeat borrowers Cumulative Volume (1) WA >$100 Million MT ND VT ME $50-100 Million OR MN