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Angel Oak Commercial Lending acquires Cherrywood Mortgage.

Global Banking News-June 21, 2018-Angel Oak Commercial Lending acquires Cherrywood Mortgage

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Angel Oak Commercial Lending, LLC (AOCL) has acquired a controlling interest in small-balance commercial mortgage lender Cherrywood Mortgage, LLC, the company said.

Cherrywood will serve as the wholesale small-balance commercial lending arm of AOCL.

The company said adding Cherrywood to the AOCL platform deal strengthens Angel Oak's commercial lending platform.

Angel Oak Commercial Lending, LLC is a specialty finance company providing solutions to meet the underserved financing needs of commercial real estate owners, developers and investors. The company provides access to debt markets for value-add transitional and stabilized projects quickly and efficiently.

Cherrywood Mortgage, LLC is a small-balance commercial real estate loan origination and servicing company, providing qualified borrowers with financing for the acquisition or refinancing of small-cap commercial properties, on a nationwide basis.

((Distributed via M2 Communications - http://www.m2.com))

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Publication:Global Banking News (GBN)
Date:Jun 21, 2018
Words:151
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