FVCbank Acquires Membership Interest in Atlantic Coast Mortgage, LLC
FVCbank (the "Bank") has acquired a membership interest in Atlantic Coast Mortgage, LLC ("ACM"). As a result of such investment, the Bank has obtained a 28.7% ownership interest in ACM. The transaction is effective today, August 31, 2021.
The Bank provides a warehouse lending facility to ACM, including a construction-to-permanent financing line, and has developed portfolio mortgage products to diversify its current held for investment loan portfolio.
ACM is a licensed mortgage lender headquartered in Fairfax, Virginia primarily engaged in the origination of 1-4 family residential mortgage loans and construction loans. ACM was founded in 2011 and is led by a team of seasoned mortgage profe
