LENDING
Through Real Estate Asset Disposition Corp’s Lending affiliates, New House Lending LLC and Private Lending Resource LLC, the Company provides financing to companies and individuals with their (non-owner occupant) borrowing needs.
Our lending business began in 2009 when the country was in the midst of the real estate downturn with what would eventually become four years of depreciating property values. Florida real estate investors could no longer turn to their banking relationships for multiple “Fix and Flip” loans as the lenders were experience high losses on their previous loan originations and pulled back (many went out of business) from originating more loans of this type. Real Estate Asset Disposition was in a unique position as we grew to be the largest real estate brokerage company in Florida providing mortgage default services to banks, servicers, non-bank lenders and government sponsored entities “GSEs” Fannie Mae and Freddie Mac. The result of this is that we had a large volume - thousands of foreclosed properties AKA “REO” - and buyers who wanted to purchase them but needed access to loans to supplement their cash down payments.
Today, the lending businesses has evolved to include commercial development -Circle K Gas Stations/Convenience Stores, multifamily development – 500 apartment units in Palm Bay, Florida and office building financing. Additionally, New House Lending focuses on making loans for new Single Family Residences in the Build to Rent industry.
Set a meeting with READ Corp to discuss your business proposal, goals or property specifics.
