10 Mile Capital is a U.S. based specialty finance company. We provide capital to build and grow great mortgage banks.
We are not an investment bank or a broker. We do not seek control or ownership of the companies that we finance.
There are more than 500 independent mortgage banks in the United States.
In 2013 they loaned more than $400 billion to homeowners (25% of the market), created mortgage servicing rights worth more than $4 billion, and generated more than $2 billion of net income.
Qualified mortgage banks can receive up to $25 million of non-dilutive capital to:
- Acquire origination capacity
- Open new channels
- Retain servicing
- Pursue other business expansion opportunities
Contact us if you are an independent mortgage bank seeking a long term capital partner.