Inc. 500 Mortgage Bank Acquired by Financing Firm

 

April 27, 2007 -- All Fund Mortgage, a privately-held mortgage banking company based in Tacoma, Wash., was acquired by CMXL, a Sacramento, Calif.-based commercial real estate financing firm, the companies announced Friday.

The deal, which will see All Fund held as a sister corporation to CMXL, will boost the company’s presence in the global commercial-funding market with a greater focus on residential mortgages, the company said. It also accelerates CMXL's plan to provide direct funding options to commercial clients, the company said.

"The acquisition creates enhanced revenue opportunities for both organizations and positions All Fund to rapidly grow its market share and revenue base," Chris Dunn, the newly appointed president and CEO of All Fund, said in a statement.

All Fund ranked No. 487 on the 2006 Inc. 500 list of the nation's fastest-growing private companies.

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