Metrocities Gets Investment from Sterling

June 08, 2007, 2:00 p.m. EDT 1 Min Read

Originator Metrocities Mortgage LLC has completed a strategic investment from private equity fund group Sterling Partners and become part of the newly formed Prospect Mortgage Co. LLC as a result.Terms of the transaction were not disclosed. Metrocities will continue to operate under its own name and Paul Wylie, Metrocities founder and chief executive officer, will be an equity participant in Prospect Mortgage.

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