Colony American Finance Surpasses $1 Billion in Loan Originations
Adds CIO and other Strategic Hires to Support Growth
LOS ANGELES--(BUSINESS WIRE)-- Colony American Finance (“CAF”) announced today that it has surpassed $1 billion in loan originations. The company provides acquisition financing and loans for investor-owned single family rental portfolios.
Beth O’Brien, Chief Executive Officer of CAF, said, “We are pleased to have reached this milestone in less than two years. Our rapid growth underscores the demand for access to acquisition capital and long term financing among non-institutional investors in single family homes. This is an exciting product and sector, and we look forward to continued growth in our future as a fully independent company.”
Simultaneously, CAF announced the addition of several new executives to support the company's significant growth trajectory.
Matthew March has joined CAF as Chief Information Officer. Previously, he was Executive Vice President, Chief Information Officer and Chief Administrative Officer at Banc of California. At Carrington Holding Company, LLC, Mr. March served as Chief Technology Officer and Senior Vice President, Information Technology, and at IMPAC Companies, he served as Vice President of Business Intelligence. Mr. March is an active member of the Data Warehouse Institute and has served on its Executive Council.
Other recent strategic hires include Jennifer McGuinness, Head of Single Asset Lending; Stephanie Casper, Head of Bridge Lending; and Elizabeth Porras, VP Business Development.
“We are very excited to have Matt, Jennifer, Stephanie, and Elizabeth join our senior executive team. They each bring a tremendous amount of energy and expertise to their respective roles at CAF and we look forward to having them help us further expand our rapidly growing platform,” said Ryan McBride, Chief Operating Officer.
CAF has issued loans to more than 500 investors in 36 states, including California, Georgia, and Texas. CAF specializes in loans to smaller-scale investors in the market, with an average loan size of just over $2 million.
About Colony American Finance
Colony American Finance (www.colonyamericanfinance.com) makes commercial loans to investors of tenant-occupied single-family rental properties and provides acquisition financing to investors in transitional residential assets. Based in Los Angeles, CA, the firm provides funds for acquisition, renovation or other financing products to meet the specific needs of single-family investors across the United States. Colony American Finance was formed by Colony Capital in 2014 to provide acquisition financing and loans for investor-owned single family rental portfolios.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151002005339/en/
Owen Blicksilver Public Relations, Inc
Caroline Luz, 203-656-2829
[email protected]
Source: Colony American Finance
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