In a move that has been described as a demonstration of the increasing profile of LivingTrust Mortgage Bank Plc, a foreign investor is currently looking forward to acquiring a seven per cent stake in the mortgage bank.
According to industry sources familiar with the transaction, the investor is set to file the regulatory paperwork for the deal following the conclusion of its due diligence.
If this acquisition sails through, it will see the investor hold a strategic stake in LivingTrust Mortgage Bank Plc.
The investment would help the mortgage bank bolster its capital, especially as it moves to become a dominant player in the nation’s mortgage banking space.
