Skip to main content

CIVIC Financial Announces Launch of CIVIC Multifamily

NationalMortgageProfessional.com
Jan 29, 2019
Non-bank direct lender Civic Financial Services has announced that it has furthered its commitment to the multifamily space with the launch of CIVIC Multifamily

Non-bank direct lender Civic Financial Services has announced that it has furthered its commitment to the multifamily space with the launch of CIVIC Multifamily.
Non-bank direct lender Civic Financial Services has announced that it has furthered its commitment to the multifamily space with the launch of CIVIC Multifamily
Real estate and commercial lending executive, Brian Murphy, joined CIVIC in March of 2018 to grow its multifamily division. As Managing Director of CIVIC Multifamily, Murphy has redesigned the initial guidelines, positioned the product in the multifamily space, and identified a proficient team–including analysts and six loan originators.
 
“In 2018, we invested a thoughtful approach to the build, design and implementation of our multifamily product,” said Murphy. “On the heels of the build and surpassing $2 billion in funding volume, we are heading into 2019 in relentless pursuit of our goals. We understand the needs of our investors when acquiring, rehabbing and operating real estate for profit.”
 
In assessing the caliber and positioning of CIVIC Multifamily, William J. Tessar, President of CIVIC, said, “While we anticipated a robust unit-base product from the start, our capital partners quickly realized that we had the ability to take on more volume and much larger properties—up to 100 units. Based on the sophistication and detail in the platform buildout, CIVIC is poised to be the player in the non-bank sector for multifamily bridge debt between $1 million to $10 million.”


 
Published
Jan 29, 2019
Federal Regulators Race To Address Cryptocurrency Risks

Cryptocurrency is quickly morphing into a volatile but widely embraced innovation, and federal regulators are racing to address the potential risks to consumers and the market. 

Industry News
Sep 24, 2021
MBA Initiative Seeks To Close Racial Homeownership Gap

Says its advocacy, partnerships & connections will help increase opportunities for minority borrowers

Industry News
Sep 24, 2021
Guaranteed Rate Opens New Branch In Southwestern Michigan

Guaranteed Rate expanded its presence in Southwester Michigan, after opening a new branch in St. Joseph

Industry News
Sep 22, 2021
Chinese Property Giant Evergrande Falters, Threatening U.S. Investors

On Monday, investors across three continents dumped their stocks, mainly out of fear that the world’s two largest governments — the United States and China — would undercut the beginnings of a global economic recovery. 

Industry News
Sep 22, 2021
Compass Mortgage Expands In Four Additional States

Compass Mortgage is now licensed in Virginia, Washington, North Carolina and South Carolina.

Industry News
Sep 22, 2021
Enact Holdings Completes IPO

Genworth Financial Inc. announced the completion of the initial public offering for its subsidiary Enact Holdings Inc.

Industry News
Sep 21, 2021