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Civic Financial Services has reached a mortgage milestone in the private lending arena, funding in excess of $108 million in the month of April.
Civic Financial Services has reached a mortgage milestone in the private lending arena, funding in excess of $108 million in the month of April.
Founded four years ago, Civic Financial’s multifamily value-add program has become a success, with Correspondent, Long-Term Rental, and Rehab Pro programs set for release over the coming weeks. The Rental Program is designed for real estate investors focused on aggregating rental properties and will offer a 5/1, 7/1, and 10/1 ARM product for a single asset or a portfolio of properties. The Rehab Pro program will enhance CIVIC’s already competitive rehab financing program, whereas for qualified borrowers it will allow for interest to accrue only on drawn funds.
“Our team is made up of talented people in various departments, divisions, and channels covering a great portion of the USA, and this goal could only be achieved by rowing in the same direction,” said Tessar. “The entire team and our clients alike played a material role in this accomplishment, and in the development of the game-changing offerings yet to come.”
For more information on Civic Financial Services, click here.