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Stronghill Capital shuts down consumer, correspondent lending

Small-balance commercial lender Stronghill Capital shut down its nascent consumer and correspondent lending businesses late last week.

The Austin, Texas-based lender will continue offering small-balance commercial and business purpose debt service coverage ratio (DSCR) loans to its clients, CEO John Eisinger told HousingWire Monday morning. He cited a difficult market and elevated rates as reasons for shutting down correspondent and consumer lending businesses, which were added in 2022.

Eisinger confirmed that “a few” staffers were laid off as a result of the closure, but declined to specify how many. He said Stronghill is in the details ⇒

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