Skip to main content

Angel Oak Commercial Lending Acquires Cherrywood Mortgage

NationalMortgageProfessional.com
Jun 05, 2018
Atlanta-based Angel Oak Commercial Lending LLC has acquired a controlling interest in Cherrywood Mortgage LLC

Atlanta-based Angel Oak Commercial Lending LLC has acquired a controlling interest in Cherrywood Mortgage LLC, a national small-balance commercial mortgage lender based in Los Diamond Bar, Calif.
 
Cherrywood specializes in loan originations with balances of $5 million or less, typically on stabilized or value-add properties for all major commercial property classes.
 
With this acquisition, Cherrywood will become the wholesale small-balance commercial lending arm of Angel Oak Commercial Lending, and Chief Executive Officer Bill Komperda and President Ed Resendez will continue to lead Cherrywood’s operations.
 
“The experience that Bill, Ed and the Cherrywood team possess is unrivaled in the commercial lending industry,” said Ben Easterlin, Managing Director of Angel Oak Commercial Lending. “Cherrywood has long been regarded as a top firm in the space with an extensive network of brokers throughout the country.”
 
 

 
Published
Jun 05, 2018
FormFree Enters Deal To Offer Products to Lenders One Members

Mortgage Cooperative Hopes Automated Borrower Verification Tools Will Enhance Customer Experience

Industry News
Aug 03, 2021
AHP Servicing Names Charles Halko Jr. CFO

Brings 30-Years Of Experience to Chicago-Based Servicer

Industry News
Aug 03, 2021
Ready Capital Announces Deal To Acquire Red Stone

Real Estate Finance Company Expands In Multi-Family Affordable Housing Sector

Industry News
Aug 03, 2021
Anchor Loans Hires Andrew Jewett As SVP, Enterprise Sales

Formerly lead lending at Sundae Inc.

Industry News
Aug 02, 2021
Pretium Adds 3 Execs With Residential Credit Expertise

New Hires Will Serve As Managing Directors

Industry News
Aug 02, 2021
loanDepot And mellohome Introduce Home Services Bundle

loanDepot, Inc. and its sister company mellohome are launching a proprietary bundle of home buying and selling services.

Industry News
Jul 30, 2021