Colony American Finance has acquired a $165 million portfolio of acquisition lines secured by single-family homes from Archetype Credit Opportunity Fund.
Archetype is a private money lender backed by the original Auction.com investors. As part of this transaction, all Archetype employees will be joining Santa Monica, Calif.-based Colony American Finance.
Subsequently, CAF entered into a strategic partnership with the online real estate marketplace firm to provide financing to Auction.com buyers. CAF is the single-family lending unit of
"We are excited to offer borrowers new products across more jurisdictions," said Beth O'Brien, president of Colony American Finance. "This is both a strategic acquisition and partnership that will strengthen our relationship with Auction.com."
