Legacy Group Capital (“Legacy”), an innovative real estate company, announced its first institutional capital partnership with LibreMax Capital, LLC (“LibreMax”), an $11.8 billion asset management firm specializing in securitized products and asset-backed finance.

The deal includes an 18-month revolving period, during which principal payoffs can be reinvested to originate new loans, creating a projected $400 million in additional funding capacity.

Legacy Chief Investment Officer Ed Messman said, “LibreMax adds an important, diversified source of capital as we continue to scale into new markets and activate strategic and wholesale partnerships. The LibreMax team brings significant experience in the residential real estate asset class and has been exceptionally supportive of Legacy’s growth plans.”

Legacy’s track record of common-sense, community-based lending has resulted in 20 years of profi table growth. The company brings together a set of otherwise disparate audiences: Homebuyers, Builders, Agents, LO’s and Real Estate Investors into a virtuous loop, capitalizing on the opportunities and imperatives of the dynamic US housing market.

“Legacy’s platform stands out in the RTL industry by combining cutting-edge technology, deep industry expertise, and streamlined work flows with a diverse product suite for end users,” said Craig Sedaka, Portfolio Manager at LibreMax. “We are excited to support the company in its next phase of growth.”

The $180 million of additional liquidity complements and enhances Legacy’s current family of real estate investment funds which manages approximately $300 million across 1,200+ investors.

“This partnership with LibreMax changes the game for us at Legacy. With this funding and current investments in our technology platform, we are primed to grow exponentially as we enter new geographies, introduce new products and services, and expand our existing base, “ said Legacy CEO Scott.