10 Mile Capital provides growing independent mortgage banks with long-term, non-dilutive capital.
We do not own or control the companies that we finance.
There are more than 500 independent mortgage banks in the United States.
In 2014 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.
An independent mortgage bank can receive up to $25 million of non-dilutive capital to:
- Acquire origination capacity
- Open new channels
- Retain servicing
- Pursue other business improvement and expansion opportunities
Contact us if you are an independent mortgage bank seeking long term capital.