Chimera Investment Corporation sponsors two residential mortgage securitizations


NEW YORK–(COMMERCIAL THREAD) – On June 25, 2021, Chimera Investment Corporation (NYSE: CIM) sponsored CIM 2021-R4, a $ 545.7 million securitization of seasoned reproductive residential mortgage loans. Mortgages for securitization were derived from the termination of Chimera’s CIM 2018-R1, CIM 2018-R2 and CIM 2018-R4 securitizations (the “Prior Securitizations”).

The securities issued by CIM 2021-R4, for an aggregate balance of approximately $ 463.8 million, were sold through a private placement to institutional investors. These senior securities represented approximately 85% of the capital structure. Chimera retained subordinated interests in securities with a total balance of approximately $ 81.9 million and certain interest-only securities. Chimera also retained an option to buy back securitized mortgages at any time from June 2024. Chimera’s average cost of debt for this securitization is 1.97% compared to a weighted cost of debt of 3.00%. 79% for previous securitizations.

In addition, Chimera sponsored its third blue chip securitization, $ 320.3 million from CIM 2021-J3 in June. The securitization is rated by Moody’s and Fitch.


This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations, estimates and projections and, therefore, readers do not should not rely on these forward-looking statements as predictions of future events. Words such as “expect”, “target”, “assume”, “estimate”, “project”, “budget”, “anticipate”, “anticipate”, “intend to”, “plan”, “May”, “” “” could “,” should “,” believe “,” predict “,” potential “,” continue “and similar expressions are intended to identify such forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are posted. Chimera neither undertakes nor accepts any obligation to publicly release updates or revisions to any forward-looking statement to reflect any change in its expectations or any change in the events, conditions or circumstances on which such statement is based. Additional information regarding these and other risk factors can be found in Chimera’s most recent documents with the Securities and Exchange Commission (SEC). All subsequent written and oral forward-looking statements regarding Chimera or matters attributable to Chimera or any person acting on its behalf are expressly qualified in their entirety by the caveats above.

About Chimera Investment Corporation

We are a publicly traded REIT primarily engaged in investing, with leverage, in a diversified portfolio of real estate assets including Mortgages, Agencyless RMBS, Agency CMBS, Real Estate RMBS agency and other real estate assets. .

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