Change Lending Becomes a Member of the FHLB of San Francisco

Change Lending, LLC (ā€œChangeā€) 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...

LoanCareĀ® Secures Fitch Rating for Second Lien Products

LoanCareĀ®, 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...

Voxtur appoints Gary Yeoman as Interim Chairman

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. Yeomanā€™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...

Sound Capital announces Robb Kenyon as New President

Sound Capital, a leader in private real estate lending, is thrilled to announce the promotion ofĀ Robb KenyonĀ 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...

Arixa Capital announces Strategic Joint Venture with Oaktree

Arixa Capital Advisors, LLC (“Arixa Capital” or “Arixa”) announced the launch of a $100MĀ 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 theĀ Western United States. The firm has established a successful track record of generating attractive risk-adjusted returns...

Real Quick Capital Launches New Lending Platform

Real Quick CapitalĀ 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...

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

Toorak Capital Partners, Inc.Ā (ā€œToorakā€), 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. Toorakā€™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...

Real estate Lender Adds Four Top Executive Trailblazers

Lendistry, a minority-led and technology-enabled small business and commercial real estate lender headquartered in a Los Angeles Opportunity Zone, announced today that its executive team is four members stronger. Lendistry prides itself on a culture of mission-fueled overachievement, and each one of these additions to its leadership team will elevate the fintech lender’s ability to serve small businesses in underserved communities across the country. Lendistry CEO,Ā Everett K. Sands, says, “Lendistry is pleased to add these...

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