Finance of America sells commercial lending operational assets to Roc360 for up to $30M earnout

Finance of America Companies Inc.

Sale of FACO operational assets to Roc360 for earnout up to $30M over three years.
Transaction expected to close in Q1 2023; subject to conditions; can be terminated by June 1, 2023 if not closed.
FACO's financial assets (loans and securitization assets) not included; will be sold or liquidated separately.
After closing, FOA will no longer have a reportable Commercial Originations segment; FAM exits business purpose lending.
Credit Suisse acted as financial advisor to FOA.

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