"Castlelake has acquired more than 4,000 senior structured loans from Eastview and Lendmarq, representing more than $2 billion in funded volume, enhancing its residential mortgage finance platform."
"By shifting from a loan buyer to a majority owner of key sourcing platforms, Castlelake can gain earlier visibility into credit quality and pipeline volume while potentially lowering its cost to access these assets."
"Eastview and Lendmarq, now backed by a $36 billion asset manager, have more stable liquidity and execution, allowing for disciplined growth and expanded origination capabilities."
Castlelake has acquired a majority ownership stake in Resfin Partners, which includes Eastview and Lendmarq. This acquisition follows a multiyear relationship where Castlelake purchased over 4,000 senior structured loans worth more than $2 billion. The investment aims to strengthen Castlelake's residential mortgage finance platform and improve asset quality and value. By becoming a majority owner, Castlelake gains better visibility into credit quality and pipeline volume. Eastview and Lendmarq benefit from increased liquidity and execution stability due to Castlelake's backing.
Read at www.housingwire.com
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