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ZFC > SEC Filings for ZFC > Form 8-K on 28-Mar-2014All Recent SEC Filings

Show all filings for ZAIS FINANCIAL CORP.

Form 8-K for ZAIS FINANCIAL CORP.


28-Mar-2014

Other Events, Entry into a Material Definitive Agreement, Creation of a Dire


Item 8.01 Other Events.

On March 27, 2014, ZAIS Financial Corp. (the "Company") announced that it has acquired a residential mortgage loan portfolio with an unpaid principal balance of approximately $100.4 million, utilizing approximately $60.6 million of its financing facility (the "Master Repurchase Agreement") with Citibank, N.A. ("Citi") to fund a portion of the purchase price.



Item 1.01 Entry into a Material Definitive Agreement

Also on March 27, 2014, the Company announced that its subsidiary, ZFC Trust ("ZFCT"), had entered into an amendment of the Master Repurchase Agreement with Citi providing ZFCT with an additional $75 million of uncommitted borrowing capacity. The remainder of the terms of the Master Repurchase Agreement remain unchanged from the terms contained in the Master Repurchase Agreement filed as Exhibit 10.1 to the Company's Form 8-K on June 4, 2013.



Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth under Item 1.01 of this report is incorporated herein by reference.


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