Impac agrees to buy Pinnacle Financial assetsMortgagePress.comMortgage company mergers
Impac Funding Corporation has entered into a definitive
agreement to acquire certain assets comprising the retail and
wholesale lending platform of Pinnacle Financial Corporation.
As part of the transaction, Impac Funding Corporation will
acquire the operating assets of the Pinnacle mortgage lending
platform and assume certain lease liabilities, including leases
related to Pinnacle's retail and wholesale lending office.
Impac Funding Corporation is a subsidiary of Impac Mortgage
Holdings Inc., a mortgage real estate investment trust based in
Irvine, Calif. For more information, call (800) 597-4101 or visit
Pinnacle Financial Corporation is a mortgage lender based in
Orlando, Fla. For more information, call (800) 421-5626 or visit www.pinnaclefinancial.com.