Civic Financial Services Exceeds 10,000 Funded Loans
Milestone establishes company’s dominance in private money sector
REDONDO BEACH, Calif. – Nov. 30, 2020 — Civic Financial Services, a leading institutional private money lender providing financing to real estate investors, announced it has funded over 10,000 loans since its founding in 2014, making the company the dominant lender in the sector.
The achievement was CIVIC’s second funding milestone of the year. The company, which loans money to finance investment properties, hit $4 billion in historic funding volume just two months ago — a phenomenal amount for a private lender.
“Ten thousand loans funded represents 10,000 opportunities seized for our clients to achieve their real estate investment goals,” CIVIC President William J. Tessar said. “This is a significant accomplishment for the private lending space, and one we are proud to reach this early in our company’s history. CIVIC was founded to serve the financing needs of investors who fall outside traditional lending criteria. I am so proud to be a trusted capital partner for our clients.”
It’s been a benchmark year for CIVIC in many ways. The company recently ranked second on Mortgage Professional America’s list of Top Mortgage Workplaces and was recognized as a Best Medium Sized Workplace by Fortune and Great Place to Work®. CIVIC Senior Vice President of Digital Innovation Matt Flores and Senior Vice President of Wholesale Lending Ben Shaevitz have also earned industry leadership awards this year.
The company is on track to exceed $1 billion in funding for 2020, Tessar added.
“The collective success of these milestones and beyond is a testament to our valued partners and talented CIVIC team members,” he said. “We’re excited for what 2021 has in store.”
Civic Financial Services, LLC is a leading institutional private money lender specializing in the financing of non-owner-occupied investment properties. Having funded more than $4 billion and 10,000 loans, CIVIC helps resourceful investors leverage opportunities to grow their real estate portfolios. As a direct lender offering an array of financing solutions for retail, wholesale and correspondent channels, CIVIC maintains all operations in-house so loans are managed closely, quickly, and efficiently. For more information, please visit www.civicfs.com.