New York Mortgage Trust Enters Purchase Agreement with RiverBanc
(RESULTS DEPEND ON A VARIETY OF FACTORS UNIQUE TO EACH
MATTER. PRIOR RESULTS DO NOT GUARANTEE OR PREDICT A SIMILAR OUTCOME.)
Vinson & Elkins advised New York Mortgage Trust, Inc. (NYMT) in its Membership Interest Purchase Agreement with the members of RiverBanc LLC. Pursuant to the agreement, NYMT will acquire the remaining 80% membership interests in RiverBanc for aggregate cash consideration of approximately $24 million.