Angel Oak, established in 2008 and known for lending to self-employed borrowers, has originated over $30 billion and issued more than 60 bond securitizations. The acquisition by Brookfield aims to enhance their credit offerings, as Brookfield's CEO Craig Noble believes the partnership will enable Angel Oak to broaden and deepen relationships with institutional investors. This move is viewed as a validation of Angel Oak’s business model and is expected to unlock significant growth and innovation opportunities in residential mortgage credit. The deal is anticipated to close by Q3 2025.
Brookfield’s acquisition of Angel Oak will significantly enhance their credit offerings, allowing Angel Oak to explore new avenues for growth and innovation in mortgage lending.
Brookfield CEO Craig Noble highlighted that this acquisition is designed to complement their existing financial offerings and is a crucial step towards scaling operations.
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