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  • Investment manager = Arena Investors, LP ("Arena")  +
  • Investment vehicles = Separately Managed Accounts ("SMA1" and "SMA2")  +
  • Largest shareholder = Westaim, through Westaim HIIG LP  +
  • Loan maturity = approximately one to two years from origination  +
  • Mortgage loans in foreclosure (2021) = $10.8 million  +
  • Mortgage loans in foreclosure (2022) = $6.4 million  +
  • Principal amounts of loans = 40% to 90% of the property’s appraised value  +