Reverse Mortgage Investment Trust, a REIT formed to originate, service and invest in reverse mortgage loans, withdrew its plans for an initial public offering on Wednesday. It originally filed in December 2014 with a proposed deal size of $100 million.
The Bloomfield, NJ-based company was founded in 2012 and booked $19 million in revenue for the 12 months ended June 30, 2015. It had planned to list on the NYSE under the symbol RMIT. Credit Suisse, Barclays, FBR Capital Markets, UBS Investment Bank, Nomura Securities and Wells Fargo Securities were set to be the joint bookrunners on the deal.
