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Finance of America launches Finance of America Commercial.

BANKING AND CREDIT NEWS-February 14, 2017-Finance of America launches Finance of America Commercial

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National lender Finance of America has launched Finance of America Commercial, a new business unit designed to serve real estate investors, the company said.

The business unit was established following Finance of America Holdings' investment in B2R Finance and B2R's simultaneous acquisition of certain assets from private money lender Jordan Capital Finance.

Under the terms of the transactions, B2R Finance will operate under a new name, Finance of America Commercial LLC, and joins Finance of America's portfolio of brands. Jordan Capital Finance CEO Mark Filler will serve as president of the new business unit. Jordan Capital SVP Ben Fertig and B2R SVPs Joe Hullinger and Matt Soto will continue to lead sales efforts and oversee operations for the organization.

The transactions closed in mid-February and terms were not disclosed.

Finance of America is a Blackstone Group portfolio company, serving borrowers through trusted brands including Finance of America Mortgage LLC, Finance of America Reverse LLC and Finance of America Commercial LLC. The Finance of America family of companies employs more than 4,000 professionals in more than 350 offices across the country and its operating subsidiaries maintain retail and wholesale channels.

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Publication:M2 Banking & Credit News (BCN)
Date:Feb 14, 2017
Words:222
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