Institutional private money lender announces funding milestone Redondo Beach, CA, – Civic Financial Services proudly announced today it has surpassed $3 billion in historical loan funding volume to date. The institutional private money lender has reached this achievement on the heels of celebrating its fifth anniversary. Founded in 2014, the company has grown exponentially during [...]
NEW YORK, NY and Irvine, Ca.—October 16, 2019— CoreVest American Finance, LLC (“CoreVest”) has announced that Redwood Trust, Inc. (NYSE: RWT) has purchased CoreVest American Finance Lender LLC, a leading nationwide originator and portfolio manager of business-purpose residential loans (BPLs), and several of its affiliates (“CoreVest”), from certain affiliates of Fortress Investment Group’s credit funds [...]
Ray Sturm’s life and business lessons “In the early days of a company, nothing happens unless you make it happen.” Ray Sturm learned this pillar of entrepreneurship quickly in his career. It was 2009,—years before he co-founded AlphaFlow, one of the private lending industry’s leading tech-driven investment managers. Sturm and a friend had just ventured [...]
MIAMI (September 20, 2019)–LV Lending, a Miami-based private lender focused on residential and commercial investment properties, today announced the closing of $1.595 million in financing for Park Avenue Hotel Group Florida’s renovation of a 21,758 square-foot, four-story hotel located at 7220 Plantation Rd. in Pensacola, FL. The developer is renovating and converting the 1.56-acre property [...]
PeerStreet celebrates first place win for Information & Intelligence among crowdfunding platforms LOS ANGELES, Calif.--September 10, 2019 — PeerStreet, a marketplace for investing in real estate backed loans, is pleased to announce that it won first place in CRETech’s 2019 Real Estate Tech Awards (RETAs) for the Information & Intelligence – Crowdfunding category. PeerStreet was [...]
KANSAS CITY, Missouri – September, 2019 – Liquid Logics announced that their best-in-class loan origination software will now integrate with leading nationwide private lender, RCN Capital starting in September 2019. The announcement follows news earlier this year of Liquid Logics’ partnership with PeerStreet’s investor marketplace to integrate their LOS software with PeerStreet’s investor database. The [...]
We don't often get to know the personal side of some of the bigger names in our business. Chris Fuelling, CEO of LendingWise, also has another title: Dad. Chris said he's looking forward to his two boys getting older so he can start teaching them his passion for building. That is, building both businesses and [...]
Civic Financial Services Continues to Scale with Growing Correspondent Team Redondo Beach, CA | August 20, 2019 – Civic Financial Services, the industry-leading private money lender, announced today the addition of two mortgage industry experts to its correspondent team that launched in June 2019. Nancy Aplin has been named as West Coast Regional Sales Manager [...]
Spencer Bakst leads his team through education and care. First and Ten Since childhood, Spencer Bakst had set his sights on making a living in a role that would benefit others the most. The charitable calling became apparent to him in his teenage years, when he attained the highest rank offered by the Boy Scouts [...]
I am incapable of managing people. My focus shifts so quickly that people end up with workflow whiplash. I cannot evaluate anyone’s performance or character because I like everyone. I have the memory of a fruit fly and have not invested the time or energy into creating systems to overcome it. Rules and structure imposed [...]
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