General World News

The Graystone Company acquires Direct Capital

Florida-based financial services firm The Graystone Company has completed the acquisition of mortgage banker and broker Direct Capital Investment Group through a reverse merger transaction, the companies announced Monday. The financials of the deal were not disclosed. 

Direct Capital, through its subsidiary Direct Mortgage, offers residential, commercial and SBA loans, per its website. The company has 98 loan officers and six branches, according to the National Multistate Licensing System (NMLS). 

Direct Mortgage oversaw the funding of $119 million in 353 mortgage loans from January through August 2023, per Securities and Exchange Commission (SEC) filings. And, in a shrinking mortgage market, it details ⇒

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