AssetAvenue Names Peter Coleman as Chief Financial Officer

New CFO brings valuable combination of financial management, investment banking and fintech experience

LOS ANGELES--(BUSINESS WIRE)-- AssetAvenue, the leading online lender for real estate investment properties, is proud to announce that Peter Coleman has joined the company as Chief Financial Officer. Mr. Coleman brings more than 20 years of financial management and investment banking experience focused on technology companies. At AssetAvenue, Mr. Coleman will be responsible for leading the company’s financial management and accounting functions and advising on corporate finance strategies to achieve the next phase of growth.

Most recently, Mr. Coleman has been CFO for several technology start-ups, including FuHu, the consumer electronics maker of the Nabi tablet, and LOYAL3 HOLDINGS, Inc., a financial technology company that leverages social technologies to democratize the capital markets. At LOYAL3, Mr. Coleman had direct responsibility for building the finance, accounting, HR, regulatory and general operations departments and played a key role in the company raising $60 million through a total of four primary rounds.

“Peter’s regulatory, compliance, accounting control and financial management experience combined with his investment banking background will be invaluable to us,” said David Manshoory, CEO and Co-founder of AssetAvenue. “He will be an essential member of our management team as we focus on growing the company and building out our suite of services that make it easier for borrowers to manage their loans, as well as having a best-in-class asset management and servicing platform for investors.”

Prior to LOYAL3, Mr. Coleman was Chief Financial Officer at Merriman Holdings, Inc. (OTCQX: MERR), from 2008 to 2012, where he executed the financial and operational turnaround of the publicly traded financial services firm. He also served concurrently as Chief Executive Officer of Merriman's primary subsidiary, Merriman Capital, Inc. From 2004 to 2008, Mr. Coleman was Chief Operating Officer and Chief Financial Officer of ThinkEquity Partners, LLC, an investment banking firm, where he also served as a member of the firm's Board of Directors and Global Management Committee. Earlier in his career, he was an equity research analyst covering the application software industry for Charles Schwab and Bank of America. Mr. Coleman has a Business of Administration degree from the University of San Diego.

“I’m excited to join the AssetAvenue team,” added Peter Coleman. “The company has quickly established itself as an innovator and leader within the fintech space and dedicated itself to rethinking the current lending model for the real estate industry. I look forward to contributing my expertise and skills to help the company achieve the next stage of growth.”

About AssetAvenue:

AssetAvenue is the leading online lender for real estate investment properties. By combining powerful analytics with break-through technology, AssetAvenue is rethinking the way real estate loans are sourced, underwritten, and funded. The company is injecting technology into every aspect of the lending process to give property owners and brokers what they want – a better experience that values speed, transparency and certainty. As a premium non-bank lender, AssetAvenue offers institutional capital at the most competitive rates and flexible terms possible and provides accredited and institutional investors exclusive access to its pre-vetted portfolio of diverse real estate lending opportunities. The company is a proud partner of the National Association of REALTORS® through its REach program to offer its loan solutions to brokers and agents seeking financing for their clients’ real estate deals. Learn more about investing and borrowing at www.assetavenue.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150803005338/en/

AssetAvenue
Jean Lin
310.259.4900
[email protected]

Source: AssetAvenue

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