AmWest Funding Corp And Park Capital Management Announces AmWest And Ares Have Finalized A Joint Venture To Purchase And Invest In Non-QM Loans; Ares Will Provide 90% Of The Joint Venture's Capital With AmWest Providing The Remaining 10%
Portfolio Pulse from Benzinga Newsdesk
AmWest Funding Corp, Ares Management Corporation (NYSE:ARES), and Park Capital Management have finalized a joint venture to purchase and invest in Non-QM loans. Ares will provide 90% of the capital, with AmWest providing the remaining 10%. The venture aims to leverage AmWest's strong mortgage origination and servicing capabilities, alongside Ares' significant experience in asset-based credit investment, to capitalize on the current market environment and build large-scale Non-QM investment and securitization platforms.
April 24, 2024 | 9:07 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Ares Management Corporation (NYSE:ARES) enters a joint venture with AmWest Funding Corp and Park Capital Management to invest in Non-QM loans, providing 90% of the venture's capital. This move aligns with Ares' strategy to expand its presence in the residential mortgage space and capitalize on its Alternative Credit strategy's capabilities.
Ares Management's significant capital contribution and strategic partnership with AmWest Funding Corp and Park Capital Management in the Non-QM loan market is likely to enhance its investment portfolio and strengthen its position in the residential mortgage space. Given Ares' large-scale investment and securitization platform capabilities, this partnership is expected to have a positive short-term impact on ARES's stock price by potentially increasing its revenue streams and market presence.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90