Asset manager Castlelake has acquired a majority ownership stake in Resfin Partners, the parent company of mortgage correspondent business Eastview and lender to residential real estate investor Lendmarq, the firm announced on Wednesday.

Over a multiyear relationship, Castlelake has acquired more than 4,000 senior structured loans from Eastview and Lendmarq, representing more than $2 billion in funded volume, according to the announcement. 

Those loans have included residential transition loans (RTLs), single-family rental/debt-service-coverage ratio (DSCR) loans, ground-up construction loans and multifamily bridge loans. Terms of the transaction were not disclosed.

“This investment strengthens our residential mortgage finance platform details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com