Parkside Lending’s insurance subsidiary PSL Insurance Company has become a member of the Federal Home Loan Bank (FHLB) of Cincinnati, Ohio.
“By virtue of our membership and having access to this flexible source of funding,” said Matthew Ostrander, Chairman and CEO of Parkside Lending, “Parkside will be able to safely deploy and leverage innovative financing that will make a positive difference for mortgage professional
s and consumers in all markets we serve nationwide.”
Through its FHLB membership, Parkside Lending will provide leverage to its affiliate, Parkside Mortgage Trust, a Real Estate Investment Trust (REIT). Parkside Lending now has access to a stable financing source to enhance Parkside’s short-term and long-term value propositions.
Finding flexibility in the mortgage lending market is crucial for those competing in a resurgent housing market – and some lenders are looking to partnerships to enhance that flexibility.