Axylyum Charter, the parent company of the AXY Wrap growth enablement product, has entered into an agreement with Matador Lending. Effective immediately, all loans within the Matador Lending portfolio are optioned through Axylyum Charter’s exclusive product, AXY Wrap. AXY Wrap acts as a safeguard for retail and wholesale private lenders. In the event of default, Axylyum Charter acquires the distressed asset at 100% of the origination price.
“Wrapping” a portfolio with AXY Wrap accomplishes what was previously unheard of in the industry – it eliminates the significant risk of financial loss associated with a defaulted asset.
“We are honored to have the opportunity to work with Matador Lending and their executive team,” states Jane Petroff, director of capital markets at Axylyum Charter. “Well-known throughout the industry, Matador Lending is not only respected – they are what many private lending firms strive to be like. We are pleased to be a part of their growth strategy.”
Matador Lending serves the Texas, California, Georgia and Florida markets, with plans to expand into other states.
“We have been looking for a way to give our borrowers more effective loan products when they don’t qualify for agency loans,” says Apurva Sanghavi, president of Matador Lending. “Our partnership with Axylyum Charter helps us accomplish this by allowing us to confidently lend to borrowers who may not have qualified in the past. We are very excited and are looking forward to working together.”