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.
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