Amerant Bancorp Inc., through its wholly-owned subsidiary Amerant Bank, N.A., completed the sale of a portfolio of 323 business-purpose, investment property, residential mortgage loans on January 4, 2025. The portfolio, with an outstanding principal balance of $71.4 million, was sold to Temple View Capital Funding LP and TVC Funding VII LLC. The purchase price for the transaction was approximately $58.9 million, which was paid in cash.
This divestiture is consistent with Amerant's strategic efforts to streamline its operations and optimize its balance sheet. The sale of these third-party residential mortgage loans, as mentioned in the company context, underscores a disciplined approach to capital allocation and geographic focus.
The transaction allows Amerant to reallocate capital and resources towards its core banking growth initiatives, particularly within its Florida footprint. This move is part of the company's broader transformation to become a premier regional bank.
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