Flipping houses can be a lucrative business. Rolling up the loan debt that’s borrowed in order to buy those homes is also profitable, and KKR & Co. LP wants in on the action.
The private-equity giant is infusing more cash into one of its portfolio companies, a New Jersey firm that invests in small-balance real estate loans throughout the U.S. and the U.K.
Toorak Capital Partners, which accumulates high-interest and short-term home loans, received a total of $250 million from KKR. That’s an increase…
Source: http://feeds.bizjournals.com/industry_21
