Private Lender hits $100M/month Loan Funding Milestone in less than
One Year
LOS
ANGELES, July 29, 2024 /PRNewswire/ -- CV3
Financial Services, announced today that the Company roared past
its first $100 million month in
private money loan funding in July, achieving this milestone in
less than one year of its start-up. CV3 was founded August 31, 2023, by William Tessar, the former President of CIVIC
Financial Services, and provides financing to real estate investors
for fix-and-flip and rental properties and ground up construction
loans.
CV3 Financial hits the $100 million/month private money loan funding
milestone in less than one year.
"At our previous company it took four years and nine months to
reach this milestone. The CV3 team accomplished this just ten
months after we began funding loans," said William Tessar, CEO of CV3. "I am humbled and
grateful for the trust and confidence our customers have placed in
us to provide the capital to achieve their real estate investing
goals.
"It's remarkable during a time in the mortgage industry when you
hear almost nothing except for the difficulties, headwinds and
challenges, that CV3 has funded more than $800 million and 1,700 private money loans since
we opened our doors."
CV3 is trending to top $1billion
in funding in Q3 2024. The company also continues to expand its
product offerings, recently launching new construction financing,
and is growing their 33-state national lending footprint, by adding
several new states this year.
"This accomplishment is a testament to our 195 employees, 194 of
whom are from our former company. This team is experienced and
committed to providing the highest level of professionalism and
customer service every single day. Together we have funded more
than $12 Billion and 23,000 private
money loans," Tessar said. "From day one we set our sights on our
mission to be the #1 capital partner of choice for all our
customers' financing needs, and we're well on our way to achieving
that goal."
About CV3 Financial Services
CV3 Financial Services, LLC (CV3) is a private lender providing
business purpose loans for non-owner-occupied properties to real
estate investors in 33 states. Financing options include
bridge, fix and flip rehab loans, rental property financing, and
new construction loans. With a digital lending platform designed to
simplify the loan process, and all processing, underwriting and
funding completed under one roof, CV3 delivers direct answers and
quick closings for clients' real estate investment financing needs.
For more information, visit https://www.cv3financial.com.
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SOURCE CV3 Financial Services