Originating Non-QM, HELOC, No Doc Mortgages

Industry

Financial Services

Company Type

Residential Real Estate Lender

Location

US

Size

$210,000,000

Investment Type

Debt/Equity

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Helping Great Companies Grow

Overview

  • Excelerate Capital is seeking +/-$210 million to originate Non-QM, HELOC, no doc mortgages
  • Non-QM mortgage lender based in Newport Beach, CA and founded in 2015
  • Over $70 million in current monthly originations in CA, AZ, CO, FL and TX with plans to expand into coastal markets including the Carolinas, Virginias, Georgia, and Oregon
  • 2018 originations: over $778 million
  • 2019 originations (to date): $500 million
Helping Great Companies Grow

Opportunity

  • Non-QM has been growing at an explosive pace. It surged 400% in 2018 and is poised to continue
  • Dodd Frank and CFPB regulatory restrictions and strict underwriting guidelines prevent problem borrowers from entering the market
  • Non-Qualifying Mortgage annual originations are significant and growing
  • Strong Secondary Market: financial institutions have jumped on board and the secondary market is very strong for Non-QM products – increased liquidity
  • Conventional Product Less Attractive to Investors: conventional rates are not very high, and Fed Rates have increased making Non-QM an attractive alternative
  • Home values are still at all-time highs – this increases the need for Non-QM as many borrowers simply don’t qualify for conventional mortgages
Helping Great Companies Grow

Solution/Strategy

  • Implement next generation loan origination system
  • Increase loan origination volume and expand to coastal states
  • Build out broker direct marketing platform
  • Broker direct lead generation
  • Branding and social media
  • Double sales production
  • Double operations production
Helping Great Companies Grow

Management

Michael Thompson

Managing Member

Career mortgage banker with over 30 years of experience at all levels of mortgage bank operations. Served as President and CEO of several mortgage companies. Experience ranging from smaller, privately owned mortgage banks to large, publicly traded, FDIC insured financial institutions. B.S. in Economics and M.B.A. from U.C. Davis. J.D. from La Salle University.

Thomas Yoon

President

Over 17 years of experience in mortgage bank operations and sales. Accomplished leader with a proven track record of objectives. Well-versed in corporate strategy development. Passionate about the team he has built at Excelerate Capital. Tireless in oversight of operations, sales and credit. Held management positions at diverse firms such as Pacific Mercantile and Banc of California. Co-authored the best-selling book, The Mortgage Maze, in 2016. Co-founder and CEO of Gear Entertainment International. Chief Strategy Officer at Big Man Entertainment. B.S. from UCLA.

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CONTACT US

Hi. We're not around right now. But you can send us an email and we'll get back to you, asap.

Thanks, Ken

Ken Margolis | Managing Partner Castle Placement, LLC
1460 Broadway Street, Rte 400
New York, New York 10036
(212) 418-1188 | C: (516) 712-7784
kmargolis@castleplacement.com

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