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How we helped The American Eagle Mortgage Co.
Overview
A residential mortgage bank licensed in Ohio, Kentucky, Indiana, Georgia and Florida, specializing in providing loans through the Federal Housing Administration, US Department of Veterans Affairs and other conventional lending solutions.
How did ScaleCo support?
Scale Co recapitalized the balance sheet and stabilized underwriting and quality control/operations of the business to significantly reduce mortgage buyback risk. It also helped expand from one location in Ohio to five separate markets in Ohio, Indiana and Florida.
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Funding
Fund I
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Status
Realized
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Date Acquired
September 2009
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Exit Date
September 2013
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Location
Lorain, OH