other_material
confidence high
sentiment neutral
materiality 0.60
Forum Markets launches $150M revolving loan purchase program, acquires $1.4M in initial loans
FORUM MARKETS Inc
- Up to $150M five-year revolving commitment to purchase manufactured home chattel loans from Zippy Loans.
- First Purchase Commitment covers $15M from March 23 to June 30, 2026.
- Acquired 31 initial manufactured home chattel loans for $1,436,710.67 cash on March 23, 2026.
- Zippy Loans will service the loans; servicing fee tiered by FICO score subject to minimum monthly fee.
- Forum Markets holds ~15% fully-diluted ownership of Zippy, Inc., parent of Zippy Loans.
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