Deephaven Mortgage Surpasses $1 Billion in Loans

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May 1, 2017

CHARLOTTE – Deephaven Mortgage, the premier provider of private capital for Non-QM residential mortgage loans, announced today that it has surpassed the $1 billion mark in total loans purchased life-to-date. The company is owned by funds of Värde Partners.

“This is a milestone event for Deephaven Mortgage,” said Matt Nichols, Founder and CEO of Deephaven. “Our team continues to help lenders expand their offerings and provide opportunities for home ownership to qualified buyers,” he continued. “The Non-QM market is showing strong signs of growth as lenders adapt their business model to higher rates.”

Deephaven also recently successfully completed its second securitization transaction, a $221 million dollar deal rated by S&P. The securitization was oversubscribed and priced well.

“Deephaven’s leadership in this market has enabled the company to continue to grow. The securitization was well received and we believe this demonstrates the confidence investors have in the company.” said Matt Kennedy, Managing Director of Värde Partners.

About Deephaven Mortgage:
Deephaven Mortgage is the premier provider of private-capital liquidity for Non-QM residential mortgage loans. The Non-QM specialist has purchased over $1billion in Non-QM residential mortgage loans from over 65 different lenders. The company was founded in 2012 and is headquartered in Charlotte, NC.

About Värde Partners:
Värde Partners is a $12 billion global alternative investment firm that employs a credit-oriented, value-based approach to investing across a broad array of geographies, segments and asset types, including real estate, corporate credit, mortgages, specialty finance, transportation and infrastructure. The firm sponsors and manages a family of private investment funds with a global investor base that includes foundations and endowments, pension plans, insurance companies, other institutional investors and private clients. Now in its third decade, Värde employs 250 people with main offices in Minneapolis, London and Singapore and additional offices around the world.