Items Tagged with 'Angel Oak Capital Partners'

ARTICLES

  • Angel Oak expanding into commercial, multifamily lending

    Firm specializes in non-QM residential loans
    Angel Oak, an investment management firm that specializes in mortgage credit, made its name by providing residential mortgages that don’t fit into the Qualified Mortgage box, but now, the company is expanding into new lending arenas. Angel Oak announced Monday that it is launching Angel Oak Commercial Lending, which will provide financing to commercial real estate owners, developers and investors.
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  • Private capital interest in mortgages growing? Angel Oak closes its largest securitization

    More than 80% of loans are non-QM
    Earlier this year, Angel Oak Capital Advisors, an investment management firm that specializes in mortgage credit, raised $291 million to invest in mortgages that don’t fit inside the Qualified Mortgage box. Apparently Angel Oak’s investors aren’t the only ones interested in non-QM loans. Angel Oak announced this week that it closed its largest securitization to date, a $328.78 million offering comprised largely of non-QM mortgages.
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  • First of its kind? Angel Oak securitizes $90 million in fix-and-flip loans

    Firm claims securitization like this has never been done before
    In a deal the company claims is a first of its kind, Angel Oak Capital Advisors recently completed a $90 million securitization backed by fix-and-flip loans. The securitization’s structure is unique because the terms of the underlying loans expire before the securitization does. As such, new loans will replace the paid-off loans in the securitization.
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  • Two WaMu Execs to Chase MBS

    Former Washington Mutual executives Sreeni Prabhu and Brad Friedlander partnered with SouthStar Funding founding partner, Michael Fierman, to start Angel Oak Capital Partners. Angel Oak is now focusing on distressed mortgage-backed securities (MBS), currently manages $30m in assets and is looking for more. So far, the fund's strategy is focused on acquiring pools of MBS that are trading at distressed prices despite prime performance. "We underwrite to buy and hold but will look to opportunistically sell when market liquidity returns," explains Prabhu.
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