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Cloverhill Acquires Patch of Land and Invests Significant Growth Capital News provided by Share this article Share this article SHERMAN OAKS, Calif., July 29, 2021 /PRNewswire/ Patch Funding LLC ( Patch Funding or the Company ), formerly known as Patch of Land, the pre-eminent residential business purpose real estate lender, announced today a strategic asset-backed capital raise and an infusion of growth capital allowing the Company to expand its business and origination capabilities significantly. Cloverhill Funding LLC ( Cloverhill ) acquired the assets of Patch of Land and invested significant growth capital to further fuel growth for the newly rebranded Company. The investment comes at a time of skyrocketing new housing demand in the wake of stay-at-home orders and a new work-from-home trend.

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