Vincent Balagia has kicked Stallion Funding into full gear to provide hard money loans to real estate investors in Austin, Dallas, Houston and San Antonio. Vincent Balagia was 26 years old when he founded Stallion Funding in Austin. It was 2007, on the cusp of the Great Recession. Balagia didn’t have much entrepreneurial experience, but [...]
LONG BEACH, Calif., December 12, 2019 - Applied Business Software, (ABS), the leader in loan origination and loan servicing software, announced today the appointment of AJ Poulin to Chief Sales Officer, (CSO). Poulin began his career at ABS 19 years ago as a Sales Representative and was later promoted to Vice President of Sales. In [...]
In March 2008, our firm closed on a multifamily development site in Uptown Dallas—one of the hottest submarkets for development in the city. The hallmark of our firm’s investment strategy was to acquire value-add real estate investments with existing cashflow to support the carrying costs associated with developing real estate. This would be our saving [...]
Go on, we dare you to ask this self-proclaimed "car nut" what his all-time favorite automobile is. You'll enter a world of detail, and if you have a serious interest, can embark on an hours'-long conversation that will vary from rant (what the heck is a four door grand coupe?!), to fanboy (did you know [...]
Kansas City, Missouri – November 8, 2019 - As of November 5, 2019 ownership of the American Association of Private Lenders (AAPL) was transferred to a new majority owner, Eddie Wilson. Anthony Geraci of Geraci LLP retains a minority ownership stake. Wilson joined the association as chairman and CEO in 2015 and will continue to [...]
Your borrowers should have an exit strategy from the beginning to prevent problems later. An exit strategy is a plan that an investor uses to liquidate their position in a financial asset. Real estate investors should plan their exits from the onset of any deal. Here are six exit strategies that you, as a private [...]
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 [...]
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