REDC Sells 50 Percent Interest To Trident

Posted by Orb Staff on November 13, 2008 No Comments
Categories : Mortgage Servicing

Real Estate Disposition Corp. (REDC), the nation's largest real estate auction company, has completed the sale of a 50% interest in the company to Trident IV LP, a private equity fund managed by Stone Point Capital LLC.

‘Stone Point Capital's experience and relationships in the mortgage servicing sector make it an ideal partner for REDC,’ says Robert Friedman, chairman of REDC.

Stone Point Capital's other investments in the mortgage services industry include ZC Sterling Corp., Cyprexx Services LLC and Amherst Holdings LLC.

Source: Real Estate Disposition Corp.

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