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ACC Mortgage Receives $100MM Commitment From Seer Capital Management

November 23, 2015, 08:00 AM
Filed Under: Lender Finance

ACC Mortgage, Inc. a provider of real estate loans signed a $100 Million forward flow commitment to provide real estate loans, including residential and commercial mortgages.

The Maryland based company said it signed the commitment with Seer Capital Management LP, a New York firm with approximately $2 billion in assets under management.

“We are thrilled to be able to grow operations and contribute meaningfully to the economy and our customers,” said Robert Senko, founder and president of ACC Mortgage, “This will allow us to continue to expand on our mission of lending to and supporting those not eligible for traditional loans across the country. “

ACC Mortgage is a portfolio lender specializing in underserved residential and commercial markets. The company has experienced significant growth year over year since its inception in 1999, and expects to triple in size over the next three years. Senko attributes ACC’s success and growth to their unique lending philosophy, commitment to the communities they serve and ability to anticipate the market trends.

The company operates in Maryland, Washington, DC ,Virginia, Delaware, Florida, California, Connecticut, Georgia, Illinois, North Carolina, Pennsylvania, South Carolina, New Jersey and Texas.

In 2014 ACC Mortgage earned CDFI (Community Development Financial Institution) certification. The CDFI Fund programs enable locally based organizations to further goals such as: economic development (job creation, business development, and commercial real estate development); affordable housing (housing development and homeownership); and community development financial services (provision of basic banking services to underserved communities and financial literacy training).

“We provide financial products and services to people who are currently unable to secure traditional capital to fulfill their personal and professional goals”, explained Stuart Wolpoff, partner and advisor to ACC Mortgage. “This is an exciting time for ACC Mortgage as we expect to triple in size over the next three years and be able to provide even more financial opportunities, products and resources for our customers.”

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