EJF Capital Closes Securitization of a $100 Million Commercial Real Estate Loan Originated by Third Coast Bank

ARLINGTON, Va.--(BUSINESS WIRE)--EJF Capital LLC (“EJF Capital”), a global alternative asset management firm with approximately $5.4 billion of assets under management, today announced that it 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. (NASDAQ: TCBX).

On April 1, 2025, Third Coast Bank originated a $200 million revolving commercial real estate loan (the “Mortgage 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 located in the Houston, Dallas and Austin metropolitan areas of the State of Texas.

Manny Friedman, Co-Founder and Co-Chief Executive Officer of EJF, said, “We are pleased to have structured and sponsored this transaction for Third Coast Bank. The transaction will help to reduce the bank’s risk-weighted assets and diversify its on-balance sheet loan portfolio. 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.

About EJF Capital

EJF Capital LLC (“EJF”) is a global alternative asset management firm focused primarily on regulatory event-driven investing within the financial sector. EJF was founded by Manny Friedman and Neal Wilson in 2005 and is headquartered just outside of Washington, D.C., with an additional research office in London. As of December 31, 2024, EJF manages approximately $5.4 billion, including $2.9 billion in CDO assets through affiliates, across a diverse group of alternative asset strategies. EJF’s approach combines investment expertise across the capital structure with a corporate finance focus to unearth creative solutions for investing in complex, mispriced securities and other assets. To learn more, please visit http://ejfcap.com and please read additional Risks and Limitations located here.

About Third Coast Bancshares, Inc.

Third Coast Bancshares, Inc. is a commercially focused, Texas-based bank holding company operating primarily in the Greater Houston, Dallas-Fort Worth, and Austin-San Antonio markets through its wholly owned subsidiary, Third Coast Bank. Founded in 2008 in Humble, Texas, Third Coast Bank conducts banking operations through 19 branches encompassing the four largest metropolitan areas in Texas. Please visit https://www.thirdcoast.bank for more information.