A repurchase facility (“Repurchase Facility”) is a financing arrangement pursuant to which a bank or other credit institution (a “Buyer”) provides liquidity to an entity that originates or acquires real estate related assets (a “Seller”) by purchasing such assets with a simultaneous agreement that the Seller will repurchase the assets on a future date.  A Repurchase Facility may be used to aggregate mortgage loans or other qualifying assets that a Seller has originated prior to a takeout in connection with a securitization, or a Repurchase Facility could be used to provide financing for a static pool through the maturity date of the mortgage loans.

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