Civic Financial Services exceeds $ 5 billion in loan

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Private Lender Reaches Industry Milestones Record Pace in Lending Business Purposes

REDONDO BEACH, California., June 16, 2021 / PRNewswire-PRWeb / – Civil financial services, a leading institutional private lender, announced it had surpassed $ 5 billion in lending and 12,000 funded loans since the company was founded six years ago.

CIVIC finances loans exclusively for business purposes to real estate investors, making this milestone a first milestone for any company in the private lending industry.

CIVIC took over $ 4 billion milestone on September 30, 2020… “We could never imagine which road $ 4 billion to $ 5 billion will be in the midst of a pandemic, but we have achieved it at a record pace. ”CIVIC President William Tessar said. “Attainment $ 5 billion developed for six years, and now – with virtually unlimited access to capital – our current pace and trajectory will lead us to 10 billion dollars in just two years. “

CIVIC was acquired by Pacific West Bancorp in February 2021… The move gave the company the ability to provide loans at a lower cost, which allowed CIVIC’s clients to benefit from significantly improved terms and lower interest rates. The company has also expanded its presence and now provides loans in 25 states, as well as Columbia region

“We are very proud to emerge from a tumultuous year and position ourselves in the strongest position to provide the best loan products, support and services available in the institutional private lending industry and help our clients capitalize on today’s real estate opportunities,” continued Tessar. “While low inventories are plaguing the housing market, the brevity with which CIVIC has reached this milestone is just one indication that real estate investors are finding properties and expanding rapidly.”

ABOUT CIVIL FINANCIAL SERVICES
Civic Financial Services, LLC is a leading institutional private lender specializing in the financing of non-owner-occupied investment properties. CIVIC helps investors seize opportunities to grow their property portfolios and increase wealth through real estate. As a direct lender offering a variety of residential and multi-unit finance solutions for retail, wholesale and correspondent channels, CIVIC supports all operations within the company so that loan management is meticulous, fast and efficient. For more information please visit http://www.civicfs.com

Media contacts

Elizabeth Hillestad, Civic Financial Services, 424.567.4849, elizabeth.hillestad@civicfs.com

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SOURCE Civilian Financial Services



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