Altisource Asset Management, an alternative lending company that provides liquidity and capital to under-served markets, entered into an agreement for a $50 million line of credit with Flagstar Bank, a federal savings bank.
“This line of credit gives the company access to capital to continue to grow and develop our alternative lending platform,” Jason Kopcak, CEO of Altisource, said. “The management team’s efforts in building the company’s operations will be greatly enhanced as we proceed with our ongoing correspondent loan acquisitions and the launch of our new origination platform from a 7,000 square foot office space in Tampa, Florida.”
