Cherry Hill Mortgage Investment Corporation Enters into New $25M Loan Agreement

Cherry Hill Mortgage Investment Corporation CHMI ("Cherry Hill" or the "Company"), today announced that it has entered into a loan agreement with NexBank SSB as lender. Under the agreement, the Company may borrow up to $25 million for general corporate purposes, including purchasing Excess MSRs and whole MSRs. The loan will be secured by the pledge of the Company's existing portfolio of Excess MSRs. Payments on the loan will be made monthly based on a ten-year amortization schedule with a maturity date in March 2020. "We are pleased to execute on this initiative," said Jay Lown, Cherry Hill Mortgage Investment Corporation's President and Chief Investment Officer. "Being able to obtain leverage on the Excess MSR portfolio confirms our view of the value of this asset class."