Angel Oak Cos. LLC has launched an affiliate company to provide commercial real estate financing to owners, developers and investors of self-storage facilities and other targeted business sectors. Specializing in residential, non-qualified mortgages (QMs), the firm intends to apply the same strategy through Angel Oak Commercial Lending LLC, providing access to debt markets for “value-add transitional and stabilized projects,” according to a press release. It offers bridge, mezzanine and senior mortgage loans nationwide.

“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. “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.”

In addition to self-storage, Angel Oak will offer its new products to the industrial, mixed-use, multi-family, office, retail and other sectors, the release stated.

In 2017, the company’s lending affiliates issued more than $1.1 billion in non-QM loans. “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 added.

Angel Oak Cos. offers mortgage-credit solutions through an integrated credit and investment platform, across asset management, lending and capital markets.

Source:
Watertown Public Opinion, Angel Oak Companies Expands Into Commercial Lending