ATLANTA--(BUSINESS WIRE)--Angel Oak Companies announces the launch of Angel Oak Commercial Lending, LLC, which will provide financing to commercial real estate owners, developers and investors. The newly instituted group marks the next evolutionary step for Angel Oak Companies, which has played a major role in the revitalization of the securitization market for residential non-qualified mortgages.
Angel Oak Commercial Lending will provide both short- and long-term financing for projects across the commercial sector, including multifamily, industrial, mixed use, retail, office, self-storage and other specialized segments.
“There is a lending void in specific segments of commercial real estate, especially those under $5 million in size,” said Ben Easterlin, Senior Vice-President of Commercial Lending at Angel Oak. “In many cases, banks may be constrained in their ability to make commercial real estate loans due to government regulations or corporate limitations on the types and amounts of loans they can issue. Angel Oak Commercial Lending will be a viable solution to provide capital for deserving property developers, owners and investors in commercial real estate,” added Easterlin. Over his 20-year career, Easterlin has provided, arranged or consulted on over $3 billion of debt and equity placements while working at several previous lending firms.
Angel Oak Commercial Lending will follow the success of the firm’s residential lending businesses, particularly in the non-QM market, where Angel Oak’s lending affiliates combined to issue over $1.1 billion in non-QM loans in 2017. “Angel Oak has an established track record of providing financing in constrained and dislocated markets and sees commercial lending as the next extension of this line of thinking,” Easterlin said.
About Angel Oak Commercial Lending, LLC
Angel Oak Commercial Lending 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. Angel Oak Commercial Lending offers senior mortgage loans, mezzanine, and bridge loans on all commercial asset classes throughout the United States.
For more information, please visit: www.angeloakcl.com.
About Angel Oak Companies, LLC
Angel Oak Companies is an industry leader in delivering innovative mortgage credit solutions. Through its integrated credit and investment platform, Angel Oak Companies delivers solutions across asset management, lending and capital markets.
For more information, please visit: www.angeloakcompanies.com