Presidio Investors Takes Stake in Edge Home Finance as Tom Ahles Becomes President
The deal sets up a faster push into technology upgrades, operational improvements, plus acquisitions.
Overview
- Presidio Investors completed a strategic investment in Edge Home Finance, a broker-focused mortgage platform.
- Edge promoted Tom Ahles to president as part of the transaction.
- The companies say the new capital will speed technology upgrades, bolster day-to-day operations, and fund targeted acquisitions.
- Financial terms and ownership structure were not disclosed by the parties.
- Edge originated about $8.6 billion in mortgages over the past 12 months and sponsors 1,295 loan officers, according to industry data.