CV3 Financial Achieves Remarkable $1 Billion Funding Milestone
CV3 Financial Surpasses $1 Billion in Funding
CV3 Financial Services proudly marks its first anniversary by achieving a remarkable milestone of funding over $1 billion. This impressive accomplishment comes within less than a year of initiating their first loan. Founded by William J. Tessar, a seasoned professional from the realm of private lending, CV3 specializes in offering financial solutions tailored to real estate investors.
CEO William J. Tessar's Vision
William Tessar, the CEO of CV3, expressed pride in the company’s significant growth during the past year. He reflects on the firm’s journey, highlighting that they set forth in their mission in September 2023 with plans to offer funds across 21 states. In just a short span, they extended their network and are now operational in 35 states. They began by offering bridge loans and rental financing, and have recently ventured into new construction financing as well.
Remarkable Growth Trajectory
In July, CV3 celebrated reaching its first $100 million funding month, a trend that has continued to grow. The commitment to streamline financing options has positioned the company as a go-to partner for real estate funding.
Introduction of ServEase™ Division
In line with their dedication to enhancing customer service, CV3 is excited to announce the launch of ServEase™, a dedicated service department designed to manage loan payments, payoffs, and overall asset management. This division aims to provide clients with continuous support, ensuring they receive the superior service that has defined the CV3 experience.
Successfully Navigating Industry Challenges
Despite challenges that the mortgage and real estate sectors currently face, Tessar maintains optimism about the company’s success. He credits their dedicated workforce of over 200 experienced professionals who work tirelessly to deliver exceptional service to clients. Tessar emphasizes that each milestone reflects the hard work and commitment of his entire team.
Appreciation for Customers and Partners
As CV3 moves forward, Tessar expresses heartfelt gratitude toward the loyal customers and partners who have joined them on this unique journey. Their vision when beginning was to transform how private lending operates, and they are well on their way to becoming the premier capital partner for various financing needs.
About CV3 Financial Services
CV3 Financial Services, LLC (CV3) provides business purpose loans specifically for non-owner-occupied properties to real estate investors across 35 states. Their financing solutions include options such as bridge loans, fix-and-flip rehab loans, rental property financing, and new construction loans. With a digital platform that simplifies the lending process, CV3 ensures all aspects of processing, underwriting, funding, and servicing are handled in-house, allowing for quick and efficient closings.
Frequently Asked Questions
What is the significance of CV3 Financial achieving $1 billion in funding?
This milestone highlights CV3's rapid growth and influence in the private lending sector within a year of its establishment.
Who founded CV3 Financial Services?
William J. Tessar, previously the President of CIVIC Financial Services, founded CV3 to support real estate investors effectively.
What types of loans does CV3 Financial offer?
CV3 provides a range of loans, including bridge loans, fix-and-flip rehab loans, rental property financing, and loans for new construction projects.
What is ServEase™?
ServEase™ is CV3's dedicated servicing division designed to manage loan-related operations including payments and asset management.
How has CV3 adapted to challenges in the real estate industry?
CV3 has managed growth by leveraging a skilled workforce to maintain high service levels despite the challenges faced in the broader market.
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