Contifinancial Corp., a leading originator, securitizer, and servicer of home equity loans, said it has made an investment in Crown NorthCorp.

Contifinancial will receive series BB convertible preferred stock and warrants to purchase additional shares of common stock in Crown. The preferred stock, when converted, and the warrants, when exercised, will represent approximately 7% of Crown's common shares.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.