“We are pleased to enter into this partnership with Hildene, which will allow us to grow our non-QM originations and further capitalize on the current market environment,” CCM founder and CEO Ron Leonhardt said.
Steven Ujvary, managing partner at CrossCountry Capital, commented: “Our partnership with Hildene is a testament to the high conviction we have in the non-QM investment strategy. We look forward to working with Brett, Dushyant, and the Hildene team to source and securitize attractive residential mortgage investments together in the years ahead.”
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“This strategic relationship grants Hildene an attractive entry point into the non-QM market as well as an opportunity to further strengthen the depth and breadth of our investment pipeline,” said Dushyant Mehra, co-chief investment officer and portfolio manager of Hildene. “With traditional lenders pulling back from the market, we believe CCM’s origination platform is both complementary and accretive to Hildene’s investment philosophy as we seek to execute unique risk-adjusted, value-generating investment opportunities for our clients.”
“CrossCountry Mortgage has cemented its position as a leading US mortgage originator with an exceptional team of loan experts, national retail footprint and impressive track record of purchase loan origination Hildene co-chief investment officer Brett Jefferson said. “We are excited to partner with the company at a time of significant growth and increased market dislocation, which will allow Hildene the ability to generate sound credit investments at historically high-interest rates.”