New Residential Investment’s Acquisition of Genesis Capital

Davis Polk advised Genesis Capital LLC and affiliates of Goldman Sachs on the transaction.

New Residential Investment Corp. announced the acquisition of Genesis Capital and a related portfolio of loans. The transaction is targeted to close during the fourth quarter of 2021, subject to certain approvals and customary closing conditions.

Genesis offers various funding options to the nation’s top residential single- and multi-family real estate developers, leveraging its expertise, proprietary data and long-term borrower relationships. New Residential is a leading provider of capital and services to the mortgage and financial services industry. 

The Davis Polk corporate team includes partner John D. Amorosi (Picture) and associates Sharanjit Kaur Sandhu, Ben Montgomery and Eugenia S. Lee. The tax team includes partner David H. Schnabel and associate Joshua J. Micelotta. The executive compensation team includes partner Travis Triano and associate Charlotte Fabiani. Partner Hilary Dengel and associate Jack Orford are providing finance advice. Associate Brette L. Trost is providing intellectual property advice. 

 

Involved fees earner: John Amorosi – Davis Polk & Wardwell; Hilary Dengel – Davis Polk & Wardwell; Charlotte Fabiani – Davis Polk & Wardwell; Eugenia Lee – Davis Polk & Wardwell; Joshua Micelotta – Davis Polk & Wardwell; Ben Montgomery – Davis Polk & Wardwell; Jack Orford – Davis Polk & Wardwell; Sharanjit Kaur Sandhu – Davis Polk & Wardwell; David Schnabel – Davis Polk & Wardwell; Travis Triano – Davis Polk & Wardwell; Brette Trost – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Genesis Capital; Goldman Sachs & Co.;

Author: Alejandro Girola