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Balance Sheet Cash Flow Statement 625 Madison Ave. New York, NY 10022 NY Tel. 212-317-5700 Fax 212-751-3550 |
Type: Public
On the web:
http://www.americanmortgageco.com
Employees:
0
American Mortgage Acceptance Company has been hit hard by the subprime mortgage crisis of 2007. The firm is a real estate investment trust (REIT) that makes multifamily residential mortgages and bridge and mezzanine loans. Centerline/AMAC Manager, an affiliate of Centerline, formerly CharterMac, manages the REIT's operations. Besides mortgages, the company's portfolio includes investments such as collateralized debt obligations and commercial-backed mortgage securities. American Mortgage Acceptance divested its government-insured mortgages, leaving it vulnerable to the subprime mortgage crisis. As a result, the company has halted its investment activities and may have to jettison assets.
Key numbers for fiscal year ending December, 2007:
Sales: $60.1M
One year growth: 55.6%
Net income: ($58.6)M
Officers:
Chairman and CEO: Marc D. Schnitzer
CFO: Commercial Real Estate & Construction Lending
Competitors:
iStar Financial Inc
MFA Financial
