Oregon’s Largest Private Lender Achieves Over 1200% Growth
PORTLAND – January 31, 2022 – Riverbend loan (“Riverbend”), a best-in-class private lender for value-added residential and new construction loans, has been reporting explosive growth since its inception just four years ago. Founded in 2017 by Sean Robin, Emilian Halloran and Brian Burke, Riverbend became Oregon’s largest private lender based on number of employees and dollar volume funded. Approved to lend in 47 states, Riverbend’s product list includes fixed and reversible single-family loans, rental loans, multi-family and value-added bridging loans, and basic construction loans for all types of residential products.
“Our goal is to make as much money as possible for our borrowers with minimal headaches. Our experience is in turnaround and value-added projects, so our mindset is perfectly aligned with our borrowers” , says Sean Robbins, managing director and co-founder of Riverbend, “Too many lenders our size are inefficient, but we’ve managed to maintain our efficiency despite our rapid rate of growth. The bigger we get, the lower our cost of capital, the lower we get.” pass on to our borrowers in the form of lower interest rates.
In 2017, Sean Robbins quickly recruited a number of key loan originators and assembled a top-notch sales team to bring business in. Simultaneously, Emilian and Brian set up a top-notch back-end operations team in record time. In just four short years, origination volume has grown over 1200%, from $60 million in the first year to over $800 million in 2021.
This year, in particular, was a landmark year for Riverbend with several milestones achieved:
Reached $1 billion funded since inception
Opening of new offices in San Francisco, Newport Beach, Lake Oswego, Oregon, Charlotte and Dallas
Hiring of seven new loan officers expected to generate significant business in 2022
“We plan to fund over $1 billion in 2022 with several office expansions on the horizon as well. Possibly even an office in Portland, Oregon,” continues Robbins. “We are looking to become the market leader in the private money lending space. We’ve seen nearly 100% year-over-year growth rates since inception and we’re not slowing down.”
Riverbend can finance up to 90% of total project costs at rates well below those of the majority of its competitors due to its lower cost of capital. The secret to their rapid success is a first-class creative team, strong back-office support, customer focus and the ability to act quickly. The company funded transactions in as little as 3 business days, allowing its borrowers to close in the same time as a cash purchase.
ABOUT RIVERBEND LOANS
Riverbend Lending is your innovative private money lending partner with a national footprint and local expertise. The company is led by a management team with over sixty years of experience in real estate investments. Our management team has a proven track record with a combined funded portfolio of over $1 billion in single-family and multi-family loans across the United States.
For more information visit: https://riverbendlending.com/.