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Berkshire Residential Investments Acquires Limekiln's 50% Stake in MF1, Taking Full Control of Multifamily Lender
The acquisition ends an eight-year joint venture during which MF1 originated approximately $32 billion in apartment loans. The multifamily lender has recently faced elevated watchlist and distress metrics due to its floating-rate bridge loan book being pressured by rising interest rates. Limekiln founder Scott Waynebern will remain MF1's CEO.
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