Mountain Funding, a real estate lending and investment company in Charlotte, N.C., has acquired a controlling interest in the Paramount Group, a real estate development, management and investment company in Boca Raton, Fla.

According to company executives, this acquisition will strengthen Mountain Funding’s development underwriting, operational and asset management abilities. In addition, Mountain Funding joins the Paramount Group, which also includes Paramount Enterprises, The Siegel Group and Paramount Residential.

Mountain provides high-leverage senior/mezzanine debt and equity to real estate projects and entities.