Longbridge Financial Receives Minority Investment from Ellington Financial

Longbridge Financial, LLC, a Mahwah, New Jersey-based retail reverse mortgage loan originator, received a minority investment from Ellington Financial LLC (NYSE: EFC).

The amount of the transaction was not disclosed.

The company intends to use the proceeds to expand the business.

Led by Chris Mayer, CEO, Longbridge Financial is a reverse mortgage loan originator for seniors to use home equity to secure retirement. The firm, which works with companies in the financial services industry who share a commitment to the highest business and regulatory standards, is licensed as a HUD lender.



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