Over the last 12 months Jason Hogg and Nick Gould have quietly built a major rental real estate lending business called B2R Finance. A portfolio company of a Blackstone Group fund, it has scaled quickly. Targeting real estate loans in the $60,000 to $50 million range for landlords who own at least one investment property, they have originated over $1 billion in loans in their first year.
Now, they are broadening their scope beyond real estate into consumer and small business loans. B2R Holdings, the parent entity of B2R Finance, is rebranding to Lending.com with big plans for the space. I chatted with CEO Jason Hogg yesterday to get the scoop on Lending.com.
One of the first things that Jason said is that it was very important for them to build out the underlying platform. This platform had five components: [Read more…]