Benzinga | Jan 10, 2022 04:29PM EST

Sheridan Capital And Ellington Financial Announce Equity Investment In Sheridan Capital By EFC

ridan Capital, LLC and Ellington Financial Inc. (NYSE:EFC) today jointly announced a strategic partnership whereby EFC made an equity investment in Sheridan Capital, an industry leader in originating commercial real estate bridge loans.

"We believe that cementing our partnership with EFC will allow us to continue to provide unique and creative loan products to the market," said Aaron Kurlansky, Principal of Sheridan Capital. "In a competitive sector, we differentiate ourselves by streamlining the loan process and providing dependable products for virtually all asset classes and loan sizes."

Laurence Penn, Chief Executive Officer and President of Ellington Financial, added, "We have been investing with the principals of Sheridan Capital for more than a decade. Over that wide range of market environments, Sheridan has continued to provide us with a steady stream of attractive commercial real estate debt investments, all while scaling its business. Meanwhile, Sheridan has built an outstanding reputation as offering efficient and flexible financing solutions to commercial real estate owners. With this strategic partnership, I look forward to continuing to grow the business together."