“We look forward to Monroe’s continued support as we grow and transform the business to better serve our customers.” About Monroe Capital “We are pleased to have Monroe Capital as a partner in creating one of the largest minority-owned mortgage originators and servicers in the country,” said Dale Lefebvre, Chairman of American Community Homes. Towne also has a wholesale division and a credit union division, which offers mortgage services to 135 credit unions directly. The company is licensed in 28 states and approved to sell mortgages to the Federal National Mortgage Association, the Government National Mortgage Association, the Federal Home Loan Mortgage Corporation, and the Michigan State Housing Development Authority, as well as other secondary market investors.

a platform company of Broad Solutions, LLC.īased in Troy, Michigan, Towne originates and services mortgage loans on residential properties located primarily in Michigan, Minnesota and Wisconsin. Monroe Capital LLC today announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the recapitalization of Towne Mortgage Corporation (“Towne”) by American Community Homes, Inc. OctoMonroe Capital Provides Credit Facility to American Community Homes, Inc.

The home loan arranger