Brookfield acquired a majority stake in Angel Oak Companies, a mortgage lender with more than $18 billion in assets https://t.co/s77O3yT4zO
Brookfield takes controlling stake in Angel Oak https://t.co/jr0iHqGlt1
Brookfield Buys Alternative Mortgage Lender As Part Of Private Credit Push https://t.co/FvJUWDx9Wz
Brookfield Asset Management has agreed to acquire a majority stake in Angel Oak Companies, a mortgage lender and investor managing over $18 billion in assets. This acquisition is part of Brookfield's strategy to expand its private credit offerings. The announcement follows Brookfield's recent commitment by CEO Bruce Flatt to build new homes, indicating a broader focus on the housing market. The acquisition of Angel Oak aligns with Brookfield's objectives in the mortgage sector, as it seeks to enhance its position in alternative lending.
