Goldman to Buy Oaktree's Genesis for Fix-and-Flip Lending Push
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Goldman Sachs Group Inc. purchased a real estate finance company from Oaktree Capital Management LP as the Wall Street firm pushes deeper into lending.
The bank bought Los Angeles-based Genesis Capital LLC, according to a statement Thursday. Terms weren’t disclosed. Since joining forces with Oaktree four years ago, the lender has made $2.5 billion in short-term loans.