Civic Financial Services, an institutional private money lender, added Prateek Khokhar as the company's chief financial officer.
Civic Financial Services, an institutional private money lender, added Prateek Khokhar as the company's chief financial officer. In his new role, Khokhar will be responsible for overseeing the company's finances and guiding its growth.
With nearly 20 years of experience in the mortgage banking industry, Khokhar has substantial expertise in debt and equity capital raising, merger and acquisitions activity, financial oversight, treasury management and overall corporate finance. He is a frequent featured speaker at Mortgage Banking Association conferences and in 2018 was recognized by National Mortgage Professional magazine as being one of the 40 most influential mortgage professionals under 40.
Prior to joining Civic, Khokhar served as CFO at American Pacific Mortgage and at Skyline Financial Corp, where he served alongside William J. Tessar, Civic’s president.
While at Skyline, Khokhar led the spinout of CloudVirga, a fintech platform that provides a digital point-of-sale solution for mortgage companies. He also held executive financial and capital markets positions with PMAC Lending, Prospect Mortgage and Home Savings Mortgage. Khokhar earned his BA in Economics from UCLA and his MBA from Pepperdine University.
Redfin says sellers are cutting their asking prices in the two southern states.
Two states in particular are experiencing a ballooning supply of homes for sale this spring, paired with modest price cuts to entice buyers.
A new report from Redfin indicates that housing supply is surging in Florida and Texas, and sellers are cutting their asking prices...
National Association of Realtors reports gains in Northeast, South and West, with a slight drop in the Midwest
Homes under contract are rising at a cautiously hopeful pace this spring.
The National Association of Realtors’ Pending home Sales Index climbed 3.4% in March, increasing to 78.2. Year-over-year, pending transactions were up 0.1%.
“March's Pending Home Sales Index – at...