Statebridge secures FrontRange Capital Partners investment

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frontrange capital partners completed an investment in mortgage servicer Statebridge, in an effort to continue the servicer’s growth and expansion.

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Milhaus, an Indianapolis-based owner and developer that specializes in urban infill and suburban multifamily residential buildings, secured $245M in new capital from FrontRange capital partners. cfpb policy director to head external relations at FHFA The Real Estate Blog with Current Information for Wausau. – Your blog resource for current local news, events, and real estate market updates and real estate market news for Wausau.

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Milhaus, an award-winning developer that specializes in hard-to-assemble, hard-to-entitle, urban infill and select suburban multifamily residential buildings, announces today it has secured $245 million in new capital from FrontRange Capital Partners, StepStone Group Real Estate LP ("SRE") and a group of internal investors.

Having mustered regulatory approval, mortgage servicer Statebridge has reportedly secured funding from FrontRange Capital Partners, which it will use to strengthen its balance sheet in a bid to become a Fannie Mae and Freddie Mac servicer. According to a press release, Statebridge will use the funding to repurchase all of Integrated Asset Services’ current ownership [.]