OceanPoint Funding, Inc. welcomes Lending Associates, Inc.

On January 14, 2026, OceanPoint Funding, Inc., an affiliate of OceanPoint Financial Partners, MHC, entered into an agreement to acquire Lending Associates, Inc. This transaction is subject to requisite regulatory and other necessary approvals and customary closing conditions and deliverables. OceanPoint Financial Partners, MHC is the parent company of OceanPoint Marine Lending. We currently anticipate the transaction to close in the second quarter of 2026.

Why did OceanPoint acquire Lending Associates?

This acquisition is intended to strengthen OceanPoint’s position in the recreational broker finance market.
By combining resources and industry expertise, we can expand our geographic reach nationally, enhance our ability
to serve customers, and accelerate long-term growth.

Who is OceanPoint Marine Lending?

OceanPoint Marine Lending is a recreational finance company based in Middletown, RI and Centreville, MD.
Their team spans the East Coast—complementing our existing geographic footprint—and supports customers, dealers,
and partners nationwide.

Who is OceanPoint Funding?

OceanPoint Funding is the new brand that will be the home to both OceanPoint Marine Lending and Lending Associates
upon closing of the transaction. It will bring together the teams, capabilities, and customer offerings of
OceanPoint Marine Lending and Lending Associates once closed.

As a customer, what changes will happen?

Nothing will change at this time. Until the transaction closes, both organizations will continue to operate
separately with no changes to customer service, points of contact, loan processes, or ongoing applications.
Customers can continue working with their existing Lending Associates or OceanPoint Marine Lending representatives.

How does this benefit customers?

By combining two experienced organizations with complementary strengths, OceanPoint Funding can offer:

  • A larger team with deeper industry expertise
  • Expanded lender and dealer relationships
  • Broader geographic coverage
  • Enhanced product offerings across marine, RV, and aircraft financing
  • A continued commitment to exceptional customer service

Will my loan representative change?

No. Your current loan officer or representative will remain your point of contact. Both OceanPoint Marine Lending
and Lending Associates will continue operating separately until the transaction closes, and all phone numbers,
email addresses, and communication channels will remain the same during that time. After the transaction closes,
you can expect a smooth and coordinated transition, with no disruption to the service or support you receive.

How does this impact broker and dealer partners?

There is no immediate impact on broker and dealer partners. All partner relationships, agreements, and processes
remain unchanged, and your existing points of contact will continue to support you as usual. Over time, the combined
organization can offer expanded lender options, broader geographic coverage, and enhanced capabilities. Any updates
will be clearly communicated in advance to ensure a seamless experience for you and your customers.

Will loan products or financing programs change?

There are no immediate changes planned. Once closed, the expertise and expanded lender network may allow OceanPoint
Funding to offer additional financing options across marine, RV, and aircraft segments.

Where can I continue to find updates?

For the latest official information, save this link and continue to check back. A press release is available here:
https://oceanpointmarinelending.com/2026/01/29/oceanpoint-funding-announces-acquisition/