Skyline Financial Corp., a Calabasas, California-based independent direct mortgage lender, has raised $8.2m in Series B funding.
The round was led by GRP Partners, with participation from Chaparal Investments and Dallas Capital Management.
Founded in 1985, the company currently has a sales force of more than 120 loan officers and 11 branches across California, Texas and Oregon, originating $100m of monthly loan volume.
This new capital will be used to expand mortgage origination capacity, accelerate hiring of loan officers and continue acquisitions of mortgage brokerage firms.
In conjunction with the funding, Brian McLoughlin, partner at GRP Partners, will join the board of Skyline.