Altisource Asset Management Corp. (AAMC)

[Enterprising Investor]

Altisource Asset Management Corporation Announces Line of Credit (8/04/22)

Altisource Asset Management Corporation (NYSE: AAMC) announced today that it entered into an agreement for a $50 million line of credit with Flagstar Bank FSB, a federal savings bank.

“This line of credit gives the Company access to capital to continue to grow and develop our alternative lending platform,” said Chief Executive Officer, Jason Kopcak. “The management team’s efforts in building the company’s operations will be greatly enhanced as we proceed with our ongoing correspondent loan acquisitions and the launch of our new origination platform from a 7,000 square foot office space in Tampa, Florida.”

About AAMC

AAMC is an alternative lending company that provides liquidity and capital to under-served markets. We also continue to assess opportunities that could potentially be of long-term benefit to shareholders such as Crypto-ATMs. Additional information is available at www.altisourceamc.com.