Colony American Finance has acquired a $165 million portfolio of acquisition lines secured by single-family homes from Archetype Credit Opportunity Fund.
Archetype is a private money lender backed by the original Auction.com investors. As part of this transaction, all Archetype employees will be joining Santa Monica, Calif.-based Colony American Finance.
Subsequently, CAF entered into a strategic partnership with the online real estate marketplace firm to provide financing to Auction.com buyers. CAF is the single-family lending unit of Colony American Homes, which owns and manages over 18,000 homes for rent in nine states.
“We are excited to offer borrowers new products across more jurisdictions,” said Beth O’Brien, president of Colony American Finance. “This is both a strategic acquisition and partnership that will strengthen our relationship with Auction.com.”