Business is booming.

Planet Renovation Capital adds former Sprout Mortgage exec to leadership

Read next: CMBS delinquencies resume downward movement

Brand brings more than three decades of mortgage industry experience, with time spent at Planet Home Lending as director of retail production and at Sprout Mortgage as senior vice president of rehabilitation lending.

“Larry’s extensive experience building mortgage channels will enable PRC to scale up its volume in residential transition loans (fix-and-flip), debt service coverage ratio (DSCR), ground-up construction and other loan products serving real estate investors, including home flippers and landlords,” Dubeck said.

“I joined PRC because it has the capital markets expertise to efficiently securitize business purpose loans, the servicing expertise to deliver an outstanding customer experience and the financing to grow in a challenging market,” said Brand. “What gets me up in the morning is helping people and businesses succeed, and that’s what PRC enables me to do.”

Source link

Comments are closed, but trackbacks and pingbacks are open.