Business
Dream Finders Homes Completes Acquisition of Cherry Creek Mortgage Through Its Wholly Owned Subsidiary, Jet HomeLoans
JACKSONVILLE, Fla., March 07, 2025--Dream Finders Homes, Inc. (the "Company", "Dream Finders Homes", "Dream Finders" or "DFH") (NYSE: DFH) announced the acquisition of Cherry Creek Mortgage, LLC ("Cherry Creek") through its wholly owned subsidiary, Jet HomeLoans, LP ("Jet HomeLoans"). Cherry Creek is a Freddie Mac and GNMA-approved lender that specializes in the origination of mortgage loans to support new build construction lending. The acquisition was formally closed on March 4, 2025, marking
About this update from Dream Finders Homes, Inc.
[{"type":"text","content":"JACKSONVILLE, Fla., March 07, 2025--(BUSINESS WIRE)--Dream Finders Homes, Inc. (the "Company", "Dream Finders Homes", "Dream Finders" or "DFH") (NYSE: DFH) announced the acquisition of Cherry Creek Mortgage, LLC ("Cherry Creek") through its wholly owned subsidiary, Jet HomeLoans, LP ("Jet HomeLoans"). Cherry Creek is a Freddie Mac and GNMA-approved lender that specializes in the origination of mortgage loans to support new build construction lending. The acquisition was formally closed on March 4, 2025, marking a significant expansion in Jet HomeLoans' servicing capabilities.","length":646,"tagName":"p"},{"type":"text","content":"Founded in 1986, Cherry Creek became one of the nation’s preeminent mortgage lending platforms from their headquarters in Denver, Colorado. Under the leadership of founder Jeff May, Cherry Creek built a respected originator, securitizer, and servicer of conventional and government loans across the United States including reverse mortgages.","length":341,"tagName":"p"},{"type":"text","content":"Kelley Hailstone, President of Jet HomeLoans, shared his thoughts on the acquisition: "We are thrilled to welcome the entire Cherry Creek Mortgage team to the Jet HomeLoans family. This partnership leverages Jet HomeLoans’ existing retail production strength with Cherry Creek’s robust expertise in servicing along with all necessary industry approvals. The result is a stronger, more diversified company that will deliver a superior experience for our growing customer base. Most importantly, these complementary capabilities will allow Jet HomeLoans to maximize affordability for our Dream Finders homebuyers."","length":622,"tagName":"p"},{"type":"text","content":"Jet HomeLoans was advised on the transaction by Sterling Point Advisors, Milliman, Inc.’s Mortgage Solutions team, and McGlinchey Stafford PLLC, a law firm based in New Orleans, LA.","length":181,"tagName":"p"},{"type":"text","content":"About Dream Finders Homes, Inc.","length":31,"tagName":"p"},{"type":"text","content":"Dream Finders Homes (NYSE: DFH) is a homebuilder based in Jacksonville, Florida. Dream Finders Homes builds single-family homes throughout the Southeast, Mid-Atlantic and Midwest, including Florida, Texas, Tennessee, North Carolina, South Carolina, Georgia, Colorado, Ar...