After being founded just six years ago, CIVIC Financial Services announced that it surpassed $4 billion in loan originations. This marks the third major milestone for CIVIC which topped $3 billion in lifetime funding in Oct. 2019.
In June 2018, the company announced it securitized $190 million in investor property loans. This happened to be the largest securitization pool of non-aggregated bridge-only loans from a single lender in the history of private money lending at the time, with all loans originated by CIVIC.
The company provides real estate investors with short and long-term financing solutions. These solutions include bridge and rental loans for residential properties, rehab financing and non-recourse multifamily bridge loans.
“We’re thrilled to reach this important milestone, especially today, as we help our clients and partners to navigate COVID-related capital contraction and maintain liquidity while continuing to achieve their real estate investing goals,” said CIVIC president William Tessar. “We look forward to many more years of serving the real estate investing community by providing the best private lending products, support and service available in the industry. Even during a time of market vulnerability, property investment remains one of the most robust and fastest-growing segments of the real estate industry.”