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Presidio Investors takes stake in Edge Home Finance

Presidio Investors has taken a strategic stake in Minnesota-based mortgage brokerage platform Edge Home Finance, the firms announced Monday. Financial terms and ownership structure were not disclosed.

The Austin, Texas-based private equity firm said the deal will support Edge’s technology roadmap, operations and potential acquisitions. Edge will continue to operate with the same platform, leadership team and broker-focused model.

Edge originated about $8.6 billion in mortgages over the past 12 months, mainly in Texas, Florida and Minnesota, according to mortgage platform RETR. The company had 1,295 sponsored loan officers as of Monday, per the Nationwide Multistate Licensing System.

“Edge Home Finance’s details ⇒

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

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