California-based loanDepot on Monday announced it has closed a $300 million offering of notes backed by a revolving warehouse line of credit and secured by mortgages.

loanDepot said this is the 10th time it has closed a transaction of this kind. It follows other strategies to strengthen its financial position, including selling mortgage servicing rights (MSRs) and extending debt. 

David Hayes, the company’s chief financial officer, said in a statement that the transaction demonstrates “loanDepot’s financing strategy and attractive capital raising alternatives, as we continue our focus on delivering exceptional details ⇒

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