Commercial lender Stronghill Capital enters non-QM space

Stronghill Capital, a small-balance commercial lender, has expanded its portfolio by launching a new lending division focused on non-qualified mortgage loans.

The company said it is expanding from a commercial lender to a business with a “strong non-QM, non-agency jumbo, and investor residential programs.” These loan programs also include bank statements, asset depletion, and debt service coverage ratio mortgages for 1-4 and 5-8-unit properties.

In addition, the company has appointed industry veteran Dustin Wells as co-president to lead the new executive team focused on scaling the unit, which includes: Matthew Brammer (senior vice president of wholesale and correspondent sales), Stephanie McInturff (senior vice president of mortgage operations and technology), and Ryan Zonana (vice president of secondary and investor reporting).