2019 – Page 19

ALTLOAN Announces Partnership with New Capital Markets Company

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ALTLOAN, a dba of BM Real Estate Services, has announced a new capital market partner that will enable the company to widen its non-QM product menu. “Our new partner is able to provide the back-end infrastructure and operating expertise that complements our online pricing eligibility engine and self-service loan portal for Non-QM (non-agency and hard money) mortgage financing,” said Blake Scheifele, ALTLOAN’s co-president. Product offerings include jumbo prime, portfolio full doc and alternative doc, Alt-A and non-prime credit grading, investor DTI, DSCR and no doc, foreign national, bridge and fix and flip and ITIN.

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Renters Warehouse has hired Todd Jable as the company’s chief technology officer. Kevin Ortner, CEO of Renters Warehouse, said, “With his technology background coupled with single-family rental industry experience, Todd is a big addition to our leadership team. He has a great vision on where we can take not only our internal systems, but how we can shape and further improve our client experience through consumer-facing technology and tools.” As the new CTO, Jable will focus on working with employees, customers and providers to ensure that Renters Warehouse is ahead of valuable opportunities for efficiency and innovation and set strategies for the company’s information technology. “With the incredible business that Kevin and the Renters Warehouse team has built over the last 10 years, including the recent acquisition of OwnAmerica, I think that Renters Warehouse is uniquely positioned to tackle the largest segment of single-family rental investing—non-institutional,” said Jable. Jable has been in IT since launching his career and has played a role in the single-family rental industry since its inception as an institutional asset class. Before Renters Warehouse, Jable was the founding CTO for Silver Bay Realty Trust Corp. Silver Bay, which was the first public company in the SFR sector, went public in the fourth quarter of 2012. After the company sold to Tricon American Homes in 2017, Jable served as CTO of FirstKey Homes in Atlanta. Renters Warehouse is the only property management company focused on single-family rentals to be rated by Morningstar Credit Ratings, a nationally recognized statistical rating organization. Since acquiring OwnAmerica in December 2018, renters can find quality homes to lease, and investors can plan, research, buy, track and sell their real estate investments all in one place with the Renters Warehouse investor marketplace.

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Apex CRE, a boutique commercial real estate company, has started operations in the greater Phoenix market. The company focuses on buyer and tenant representation across a variety of commercial product types. Apex CRE is a service-disabled veteran-owned business founded by Alex Popovic and Lydia Chelle.

Leonard Rosen: A Pitbull in Private Lending

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“All of our events are premium events … cocktail parties, butler service, live music. We create a vibe, we create a culture … we treat people like they’re family,” Rosen said. “It’s obviously a business relationship, but it’s a warm business relationship. And people that go to our events know that that’s the Pitbull experience.”

Memphis, Tennessee: A Hot Market for Investors

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Hot real estate markets like Las Vegas and Phoenix can generate a lot of hype in the real estate world, but Jeremy Brandt, CEO of WeBuyHouses.com, would argue these aren’t always the most ideal markets for investors. His most successful affiliates work in secondary markets.