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AmWest Funding Corporation Continues Strong Growth in 2024 with New Strategic Partnership
Last ares management corporation class a earnings: 2/13 06:00 am
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US:NYSE Investor Relations: ares-ir.com
BREA, Calif., April 24, 2024 /PRNewswire/ -- AmWest Funding Corporation ("AmWest"), funds managed by Ares Management Corporation's (NYSE:ARES) ("Ares") Alternative Credit strategy, and Park Capital Management ("Park Capital") announced today that AmWest and Ares have finalized a joint venture to purchase and invest in Non-QM loans, sourced and serviced by AmWest. The joint venture will seek to capitalize on AmWest's strong position as a leading mortgage originator and servicer with over $15 billion of Non-QM mortgage originations since inception, primarily sourced via its national wholesale platform."We are pleased to enter into this partnership with Ares, which will allow us to grow our business and further capitalize on the current market environment," said William Park, Founder and Chairman of AmWest. "We pride ourselves in the trusted brand that we have built and look forward to continuing to support mortgage brokers and homebuyers with exceptional products and service.""Our partn
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