Axylyum Charter, a commercial real estate finance firm, has launched a new product that enables lenders to eliminate the default risk of asset-based non-owner-occupied loans.
The New York-based company claims that the product, AXY Wrap, is designed to disrupt the distressed mortgage-backed asset space. It allows lenders to increase lending facilities by eliminating default risk – ultimately decreasing servicing expenses, carrying costs, and property disposition time.
“Axylyum and AXY Wrap were established to unify capital, servicing and litigation under one roof,” said Serge Petroff, founder and CEO of Axylyum. “By doing so, we are able to align our clients’ goals, interests and execution across multiple asset classes. The partners at Axylyum designed a product that truly changes the market. We had the foresight to recognize challenges in the private/hard money lending industry. The brilliance behind our product is that it eliminates multiple layers of risk, specifically the risk of default.”