Seniors housing and healthcare lender VIUM Capital has acquired long-time multifamily lender Armstrong Mortgage Company. The transaction, which closed December 31, 2021, joins two of the leading commercial mortgage lending platforms headquartered in Columbus.
"We are excited to align our multifamily lending platform with VIUM Capital," shared Brad Armstrong, President of AMC. "Armstrong Mortgage Company has provided its clients with exceptional service and product selection for more than 50 years. This alignment will enable us to expand our geographic reach to include VlUM's nationwide footprint." The new entity, VICJM Capital Mortgage, LLC, is a wholly owned subsidiary of VIUM Capital, LLC.
The transaction bolsters VlUM's FHA/ HUD and GNMA lending platform, as well as integrates Armstrong's proven servicing infrastructure. "This partnership enables us to more fully service our clients while providing the AMC team an even more robust product set to offer its long-time clients, including our proprietary balance sheet bridge lending solution," said Steve Kennedy, Co-Founder and Executive Managing Director of VIUM. "Additionally, it enables Armstrong's Rima Herd, an all-star in the HUD/GNMA servicing world, to continue her professional growth as our Director of Servicing & Asset Management where she will be working closely with VlUM's seniors housing and healthcare clients along with our multifamily focused joint-venture partner."
VIUM Capital has been one of the fastest growing healthcare and seniors housing financiers in the country since its launch on April 1, 2020. The firm has already closed over $1 billion in financings, has grown to over 20 employees, and is positioned to be a top tier HUD LEAN (seniors housing & healthcare) lender in 2022.