Real Estate Lending - FinTecBuzz

Neighborhood Credit Union Partners with FirstClose for Home Equity Growth

July 24, 20244 min

FirstClose, Inc., a leading fintech provider of data and workflow solutions for mortgage and home equity lenders nationwide, announced that Neighborhood Credit Union is using its FirstClose™ Equity solution’s settlement services ordering platform to streamline its home equity lending operations. Headquartered in Dallas, TX, Neighborhood Credit Union has 14 branches throughout Texas serving more than 50,000 members. Last year, the credit union launched their home equity lending department and in just 12 months has originated over $1.3 million in home...

by BusinessWire

Real Estate Lending

Change Lending Becomes a Member of the FHLB of San Francisco

May 10, 20243 min

Change Lending, LLC (“Change”) proudly announces it has become a member of the Federal Home Loan Bank (FHLB) of San Francisco as of May 6, 2024. This milestone marks a significant step forward in Change Lending’s commitment to serving underbanked and underserved borrowers and communities. The FHLB of San Francisco is a vital financial institution dedicated to providing reliable liquidity, funding, and support to its member institutions. As a member, Change Lending gains access to...

by PRNewswire

Real Estate Lending

LoanCare® Secures Fitch Rating for Second Lien Products

April 15, 20243 min

LoanCare®, LLC, a top U.S. mortgage subservicer, announced that Fitch Ratings has assigned the company the U.S. residential primary servicer for specialty Closed-End Second Lien products rating of RPS2+; Outlook Stable. In addition, Fitch affirmed LoanCare’s U.S. residential primary servicer for Prime product and specialty subservicer ratings at RPS2+ in 2023, reflecting the company’s strong focus on advancing processes and providing subservicing excellence. The rating validates LoanCare’s comprehensive understanding of the complexities involved in servicing...

by GlobeNewswire

Real Estate Lending

Voxtur appoints Gary Yeoman as Interim Chairman

March 11, 20245 min

Voxtur Analytics Corp., a technology company creating a more transparent and accessible real estate lending ecosystem, announces that Gary Yeoman has been appointed as Interim Chairman of the Voxtur Board, effective immediately. Mr. Yeoman’s appointment follows the resignation of Chairman Nick Smith who has served diligently as Chairman, providing invaluable leadership and guidance to the Company since joining the board December 31, 2022. While Mr. Smith will continue to be a supportive shareholder, he has...

by PRNewswire

Real Estate Lending

Sound Capital announces Robb Kenyon as New President

February 19, 20243 min

Sound Capital, a leader in private real estate lending, is thrilled to announce the promotion of Robb Kenyon to President. With an impressive career spanning over 30 years in finance, especially in mortgage and construction financing, Kenyon is poised to lead Sound Capital toward unprecedented growth, with a special focus on the evolving needs of home builders. Kenyon has a storied career with notable positions at Seattle Mortgage, Countrywide, and Bank of America. His leadership has been...

by PRNewswire

Real Estate Lending

Arixa Capital announces Strategic Joint Venture with Oaktree

August 25, 20234 min

Arixa Capital Advisors, LLC (“Arixa Capital” or “Arixa”) announced the launch of a $100M strategic joint venture, with the ability to upsize in the future, with funds managed by Oaktree Capital Management, L.P. (“Oaktree”) to originate senior secured loans backed by residential and commercial real estate. Arixa Capital is a leading private real estate lender and investment manager, operating throughout the Western United States. The firm has established a successful track record of generating attractive risk-adjusted returns...

by BusinessWire

Real Estate Lending

Victoria Garcia DeLuca named 2023 Woman of Influence

August 11, 20235 min

Victoria Garcia DeLuca honored by HousingWire for her leadership and professional excellence in the mortgage industry

by PRNewswire

Real Estate Lending

M&T Bank Expands Commercial Real Estate Lending Capabilities

July 25, 20227 min

Based in New York City and Led by Brooke Cianfichi, the Commercial Real Estate (CRE) Innovation Office Brings a Wide Range of Expertise to CRE Financing

by PRNewswire

Real Estate Lending

Real Quick Capital Launches New Lending Platform

March 25, 20223 min

Real Quick Capital today announced the launch of its direct private lending platform that offers family office flexibility with institutional lending capabilities. Providing nationwide services, Real Quick Capital addresses the shortcomings of today’s traditional lending industries with its innovative, tech-driven process that delivers real-time term sheets to investors within minutes of being on their site. Leveraging national real estate relationships and capital markets expertise, along with proprietary technology, Real Quick Capital provides a client driven lender...

by BusinessWire

Real Estate Lending

Toorak Capital Partners closes TRK 2022-1 & TRK 2022-INV1

March 15, 20224 min

Toorak Capital Partners, Inc. (“Toorak”), a leading capital provider to the residential real estate lending industry, today announced the successful closing of TRK 2022-1, a $285 million securitization of residential bridge loans, following the closing of TRK 2022-INV1, a $363 million securitization of DSCR loans last month. Toorak’s securitizations received investor demand despite a volatile and oversupplied market. To date, the company has issued $2.7+ billion in securitizations across nine deals, including six revolving transactions backed...

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