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 this short time by way of additional lending states, multiple branch openings to increase its national footprint, and increased product offerings for non-owner occupied real estate financing.
The company funded $1 billion within its first three years, and has subsequently funded $1 billion per year.
“To reach this funding milestone is a tremendous achievement, accomplished only by a select few within our space, but even more impressive is the pace in which it was done,” says CIVIC President William J. Tessar. “To see such powerful results from our investments in people, products, pricing and positioning in the market could not make me more proud and excited for this group.”
CIVIC serves the real estate investment community by providing investors with financing opportunities to leverage their positions and grow their real estate portfolios. In addition to exceptional relations with its capital partners and a sales-centric approach to operations, CIVIC has invested heavily in technology, product development, and enhancing the customer experience. These areas of focus will begin to unveil themselves in 2020, and will serve as additional catalysts behind CIVIC’s continued growth in this space.
“I can envision a time in the near future when $3 billion is an annual funding victory for our organization, and not a historic number,” adds Tessar. “I truly believe, for CIVIC, this is just the beginning.”
CIVIC FINANCIAL SERVICES is a private money lender, specializing in the financing of non-owner occupied investment properties. CIVIC was created by its parent companies, Wedgewood and HMC Assets LLC, to serve investors who don’t fit traditional lending criteria. Wedgewood and HMC, two of the most respected names in residential real estate, provide CIVIC with unparalleled valuation expertise in the real estate vertical as well as access to low-cost capital. With these resources, CIVIC is able to keep all operations in-house so loans are managed more closely, quickly, and efficiently.
For more information, please visit www.civicfs.com.