StoicLane Acquires Brentwood Property Appraisal

StoicLane, a long-term growth platform, announced an affiliate completed the acquisition of Brentwood Property Appraisal, an appraisal management company focused on the high-end residential market in California, New York, New Jersey, DC, and Florida.

Through this partnership, StoicLane will provide capital, operational expertise, and technological infrastructure to accelerate BPA’s growth in new markets and offer innovation to the appraisal industry.

The announcement marks the second investment by StoicLane’s mortgage services affiliate. The company states that it is seeking to serve mortgage originators with efficient and valuable tech-enabled, customer-centric mortgage closing solutions.

“In the past two-plus decades, BPA has carved out a successful niche in the high-end residential appraisal management sector, which is a key market for StoicLane,” said Al Goldstein, co-Founder, CEO, and chairman of StoicLane.

The Christensen Law Firm and Raines Feldman LLP served as advisors for Brentwood Property Appraisal. Jones & Spross PLLC, Kirkland & Ellis LLP, and Alston & Bird LLP served as advisors for StoicLane.