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Washington DC & Mid-Atlantic  + Virginia  + Finance  |  April 9, 2025
Jasmine Kilman
By: Jasmine Kilman

EJF Capital, Third Coast Bank Close $100M CRE Deal

Arlington, Virgnia-based EJF Capital LLC has completed a $100 million securitization transaction for Third Coast Bank, a Texas banking association and wholly owned bank subsidiary of Third Coast Bancshares, Inc.

Third Coast Bank originated a $200 million revolving commercial real estate loan made to one of America’s largest private investment firms focused on real estate development. The mortgage Loan is secured by interests in a portfolio of eleven residential master-planned communities under development in Texas.

“The transaction will help to reduce the bank’s risk-weighted assets and diversify its on-balance sheet loan portfolio,” said Manny Friedman, Co-Founder and Co-Chief Executive Officer of EJF. “EJF is proud to serve as a flexible capital solutions provider while working with U.S. bank management teams to develop constructive de-risking solutions.”

Mayer Brown LLP acted as legal counsel to EJF Capital and its affiliates on these transactions. Cadwalader, Wickersham & Taft LLP acted as legal counsel to Third Coast Bank on these transactions.

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EJF Capital LLC

About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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