Civic Financial Services (CIVIC), a private money lender backing real estate investors, announced Monday that it is on track to surpass the $1 billion mark in real estate financing for this year.
The California-based company, which loans money to finance investment properties, announced that it has funded more than 10,000 loans since its inception in 2014 – marking its fourth funding milestone in 2020.
Its previous milestone occurred just two months ago when CIVIC hit $4 billion in historic originations volume. Before that, the firm exceeded $3 billion in lifetime funding in October 2019 and securitized $190 million in investor property loans in June 2018.
“Ten thousand loans funded represents 10,000 opportunities seized for our clients to achieve their real estate investment goals,” CIVIC President William 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.”