OptimumBank Holdings (NYSE American: OPHC) announced the formation of OptimumFunding LLC, a wholly owned subsidiary established to support a new HUD and FHA lending initiative and expand the company’s commercial real estate capabilities. The new platform will offer bridge-to-HUD financing and FHA- and HUD-insured loan origination focused on skilled nursing, senior housing and multifamily properties, building on the company’s existing healthcare and real estate lending expertise. In connection with the launch, the board approved a dividend to the holding company, which authorized a capital investment into OptimumFunding to support initial operations, with management stating the initiative is designed to diversify revenue streams, enhance long-term profitability and provide borrowers with an integrated financing solution from bridge through permanent government-insured execution.
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