A fast-growing company that claims to be the biggest marketplace lender in the mortgage space has announced plans to acquire more than $1 billion in bridge loans.
LendingHome said Tuesday that it closed on the LendingHome Opportunity Fund II with $100 million in commitments from 40 investors. It will be managed by LH Capital Management.
The San Francisco-based firm — which says it is the largest, fastest-growing mortgage marketplace lender — noted that with its $300 million credit facility, total potential assets are $400 million.
Source: Mortgage Daily