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Radius Financial Group Secures Mortgage Credit Facility From Sovereign Bank

Sep 24, 2009 | Reprints | Unlock Link | Print

Norwell-based Radius Financial Group Inc., a privately held mortgage banker licensed in New England and Florida, has announced it has closed on a mortgage warehouse credit facility with Sovereign Bank.

This facility will provide the additional funding capacity required by Radius to continue their aggressive growth and market share gains they have accomplished since the "mortgage meltdown" in August 2007, according to a statement.

This is the second credit facility that Radius has closed on this year, the company said.

Banking & Lending