Synergy One Lending Increases Its Capital By $50M

Director of Events

Oct 19, 2021

San Diego-based Synergy One Lending Inc. completed a $50 million corporate note financing with a consortium of institutional investors.

Synergy intends to accelerate its investment in the growth of its distributed retail and consumer direct channels, technology and partnership development, as well as its servicing portfolio.

“Our ability to access the capital markets in this favorable environment provides tremendous lift as Synergy continues to evolve and thrive,” said Steve Majerus, CEO. He added that this securitization gives the company the ability to bolster its balance sheet at better terms while being able to refine and improve its platform at a quicker pace.

Synergy One Lending has grown over 500% in the past 4 years and the company executed a management buyout led by its current leadership team in April of 2020, according to a press release.

“We have been fortunate to attract some of the industry’s top talent and we believe we can accelerate that growth with this capital raise,” said Synergy president, Aaron Nemec.

In addition to expanding its home mortgage presence, the company has a particular focus on leveraging consumer-permissioned data in presenting clients with solutions across multiple loan products.

Brean Capital, LLC served as the company’s Exclusive Financial Advisor and Placement Agent in connection with the transaction.

Synergy is currently licensed in 43 states and has operational hubs in Boise, ID; Denver, CO, and Dallas, TX.

About the author

Navi Persaud

Director of Events

Navi Persaud is Director of Events at NMP.

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Oct 19, 2021

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