Castlelake has acquired a majority ownership stake in Resfin Partners, which owns and operates Eastview, a U.S. mortgage correspondent business, and Lendmarq, an established lender to the U.S. residential investment community.
Over a multiyear relationship with the platforms, Castlelake acquired more than 4,000 senior structured loans exceeding $2 billion of funded volume. The loans have included residential transition loans, single-family residential/debt-service coverage ratio loans, ground-up construction loans and multifamily bridge loans.
Castlelake’s investment management strategy includes pursuing long-term ownership stakes in what it believes are high-quality sourcing platforms to support access to investment opportunities. The strategy is also intended to enhance risk control and support disciplined capital deployment. Castlelake also holds ownership stakes in four other sourcing platforms across specialty finance and aviation finance.
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