CV3 Financial Achieves Milestone with Over $1 Billion in Loans
Celebrating a Major Milestone at CV3 Financial
CV3 Financial Services has recently marked a significant achievement by surpassing $1 billion in private money loans within its first operational year. Founded by William J. Tessar, who previously served as President of CIVIC Financial Services, the company focuses on providing financing solutions tailored for real estate investors interested in fix-and-flip and rental properties, as well as ground-up construction projects.
Rapid Growth and Expansion
"It's been a remarkable first year for our team, filled with tremendous growth and significant milestones," expressed William Tessar, CEO of CV3. The company, which launched less than a year ago, initially began offering loans in 21 states and has impressively expanded to 35 states in a very short period. The evolution of its services has also been notable, with the introduction of ground-up construction financing following their success in bridge and rental financing.
A Remarkable Funding Journey
In July, CV3 Financial celebrated an impressive month, reaching its first funding milestone of $100 million, with the trend of strong growth continuing. This trajectory highlights not only the company’s strategic plans but also its knowledgeable team's capabilities in navigating the real estate market effectively.
Launching a Dedicated Servicing Division
The company is also excited to announce the launch of ServEase™, a specialized servicing division designed to optimize client experiences by managing loan payments, payoffs, and asset management. This new division underscores CV3's commitment to supporting customers throughout the entire lifecycle of their loans.
Commitment to Customer Satisfaction
Despite the obstacles faced within the broader mortgage and real estate landscape, Tessar emphasized the dedication and professionalism exhibited by CV3’s approximately 200 employees. Their unwavering commitment helps to uphold the company’s standard of delivering exceptional customer service every day, aside from achieving remarkable growth.
Gratitude Towards Clients and Partners
"We are extremely grateful to our loyal customers and partners who have joined us on this unconventional journey," Tessar stated. CV3’s vision from the outset was to redefine what a private lender could be and to earn the title of the top capital partner to its client base. The company is well on its way to meeting this ambitious goal.
About CV3 Financial Services
CV3 Financial Services, LLC (CV3) operates as a private lender dedicated to providing business purpose loans for non-owner-occupied properties. Operating in 35 states, its financing options include bridge loans, fix-and-flip rehab loans, rental property financing, and new construction loans. With a coherent approach that streamlines loan processing, underwriting, funding, and servicing, CV3 ensures quick responses and efficient closings for clients in need of real estate investment financing.
Frequently Asked Questions
What types of loans does CV3 Financial offer?
CV3 Financial provides various types of loans, including bridge loans, fix-and-flip rehab loans, rental property financing, and new construction loans.
In how many states does CV3 operate?
CV3 Financial Services operates in 35 states across the country.
What is ServEase™?
ServEase™ is a dedicated servicing division within CV3 that focuses on managing loan payments, payoffs, and asset management to enhance customer experience.
Who is the CEO of CV3 Financial Services?
The CEO of CV3 Financial Services is William J. Tessar.
How long has CV3 Financial been operational?
CV3 Financial Services has been operational for less than a year, successfully surpassing $1 billion in loan funding during this time.
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