Hawaii-based Trinity Merger Corp. is merging with Seattle's Broadmark group, private real estate lenders and managers that provide construction, land and development financing, to create a mortgage real estate investment trust with an equity value of $1.5 billion.
Under the terms of the deal announced Monday, Honolulu-based Trinity Merger Corp. (Nasdaq: TMCXU) will acquire eight Broadmark entities for a total of $1.2 billion, including $1.1 billion in newly issued shares of Broadmark Realty stock…
