Castlelake Acquires Majority Stake in U.S. Residential Lending Platforms Eastview and Lendmarq

Castlelake, L.P., ("Castlelake") a global alternative investment firm specializing in asset-based private credit, today announced it 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 ("the Platforms"). The transaction expands Castlelake's in-house investment origination capabilities by strengthening access to residential loan financing opportunities for its funds and vehicles.Over a multi-year 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 (RTLs), single-family-residential (SFR)/debt service coverage ratio (DSCR) loans, ground-up construction loans, and multifamily bridge loans.Castlelake's investment management strategy includes pursuing long-term ownership stakes in what it believes to be 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.As a majority shareholder, Castlelake expects to support the Platforms' continued growth and expansion of its residential lending capabilities."This investment strengthens our residential mortgage finance platform and deepens a relationship with Eastview and Lendmarq that is built on a strict, shared focus on asset quality and value," said Lucas Jackson, Head of North American Residential Mortgage Finance at Castlelake. "We look forward to partnering with Eastview and Lendmarq's leadership teams to support disciplined growth, expand origination capabilities, and continue serving borrowers and investors across the residential real estate market."Castlelake is an experienced investor in the global residential real estate sector, having both acquired assets and provided asset-based private credit solutions since 2005.

Castlelake Acquires Majority Stake in U.S. Residential Lending Platforms Eastview and Lendmarq

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