Castlelake has acquired a majority ownership stake in Resfin Partners, which owns US mortgage correspondent business Eastview, and Lendmarq, a lender to the US residential investment community, expanding its asset-based origination capabilities.
Eastview acquires loans and delivers white-label funding solutions, with a focus on residential transition loans (RTLs), ground-up construction, and debt service coverage ratio (DSCR) loans.
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Lendmarq focuses on funding acquisitions, renovations, ground-up construction, and rental property strategies across “high-demand” US markets, offering loans including fix-and-flip, bridge, construction and DSCR financing.
The transaction will give Castlelake, a global alternative investment firm specialising in asset-based private credit, access to residential loan financing opportunities for its funds and vehicles.
A multi-year relationship with lending platforms Eastview and Lendmarq has seen Castlelake purchase more than 4,000 senior structured loans exceeding $2bn (£1.5bn) of funded volume, including RTLs, single-family-residential/DSCR loans, ground-up construction loans, and multi-family bridge loans.
The alternative investment firm has ownership stakes in four other sourcing platforms spanning specialty finance and aviation finance.
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“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.”
Founded in 2005, Castlelake manages $36bn of assets.
