Colony American Finance (CAF) has completed the acquisition of a $165 million portfolio of acquisition lines secured by single-family homes from Archetype Credit Opportunity Fund, LP, a private money lender backed by the original investors in Auction.com. CAF has concurrently entered into a strategic partnership with Auction.com to continue providing financing to the Auction.com buyer base. The employees dedicated to the Archetype portfolio will be joining CAF.
“We are excited to provide financing and the same high level of service to the Auction.com buyer base and to offer borrowers new products across more jurisdictions,” said CAF President Beth O’Brien. “This is both a strategic acquisition and partnership that will strengthen our relationship with Auction.com.”
“As we look for ways to bring more capital to the Auction.com marketplace, we are thrilled to add Colony American Finance as one of our strategic partners,” said Jeff Freiden, CEO of Auction.com. “We expect to do a lot more together across the platform.”
Colony American Finance provides acquisition financing lines and loans for investor-owned single-family rental portfolios. CAF is the single family lending unit of Colony American Homes, a market leader in the acquisition, ownership, renovation, leasing and management of single-family residential homes in the United States.