Lone Star Funds on Wednesday announced the final close of its latest residential mortgage fund, Lone Star Residential Mortgage Fund IV, L.P. Total capital committed to the fund exceeds $1 billion, enabling LSRMF IV to invest in more than $10 billion of mortgage loans.
“We are pleased to reach this milestone for LSRMF IV and believe it directly reflects the clear need for private capital to fund mortgages to borrowers in this segment of the market,” said Donald Quintin, CEO of Lone Star. “For more than a decade, Lone Star has been supporting the U.S. housing market by committing capital to mortgages which fall outside government-backed agency lending rules. We believe the tailwinds for this market will continue to drive growth opportunity for the platform.”
Lone Star’s standalone Residential Mortgage Fund series was launched in 2014 and has purchased more than $20 billion in unpaid principal balance of newly originated loans across more than 40,000 individual mortgages nationwide. Lone Star developed a securitization platform known as COLT to finance the investments and has now issued 68 COLT securitizations.
Pictured: Lone Star offices in Dallas. Photo courtesy of JLL.
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