Civic Financial Services Closes $190 Million Securitization
Posted Tuesday June 26, 2018 in News
Greg Geiser, CEO and Founder of Wedgewood, listens to the closing call with the CIVIC and Wedgewood teams. Historic bond offering – believed to be largest securitization in history for private residential lending space – provokes industry shift via transparency into loan performance. Civic Financial Services (“CIVIC”) announced that it has completed CIVIC 2018-1, a…
Read More
Glassdoor Names William J. Tessar of CIVIC a Top CEO
Posted Monday June 25, 2018 in News
Our employees are to thank today as William J. Tessar has been named a Top CEO by Glassdoor, according to the company’s most recent report. Glassdoor®, one of the world’s largest job and recruiting sites, released its annual report highlighting the Top CEOs in several countries throughout North America and Europe. Tessar appears as number…
Read More
Who Is CIVIC?
Posted Thursday May 24, 2018 in Private Lending
We thought we’d take a moment here at CIVIC and go into a little more detail of who we are, where we’re from and what our goals are. You’ve probably read up some on the About Us section on our new website but there is more to CIVIC than first meets the eye. We provide…
Read More
CIVIC Sponsors the IMN SFR Forum EAST
Posted Monday May 21, 2018 in News, Private Lending
Join CIVIC at the 6th Annual Single Family Rental Investment Forum (East) May 21-23 at Loews Hotel in Miami Beach, FL IMN’s established Single Family Rental Investment Conference (East) returns to Miami for its 6th edition on May 21-23, 2018, and CIVIC is proud to be a sponsor at this year’s event. This industry-leading event…
Read More
CIVIC Featured on Cover of May’s Commercial Edition of Scotsman Guide
Posted Saturday May 19, 2018 in News
Civic Financial Services is pleased to announce that we have been featured on the cover, and a two-page spread, of the May issue of Scotsman Guide’s commercial edition. The esteemed magazine is recognized for its presence in the mortgage industry by providing commercial mortgage originators with the resources they need to develop their businesses and stay on trend…
Read More
Private Money: How to Use Speed as Leverage in Real Estate Investing
Posted Tuesday May 15, 2018 in Private Lending
One of the main reasons investors come to us for financing is simply due to how quickly we can approve a loan application. We know the types of projects we like to fund and investors know when to present the next investment opportunity. For example, an investor sees a duplex property that needs some work.…
Read More
A Product for Everyone
Posted Thursday May 10, 2018 in Private Lending
Whether you are an active real estate investor or a novice who is not quite sure whether private lending is the answer, we know at CIVIC that every investor is different. Our clientele comes from a diverse background with different needs and goals. Some investors want to finance a four-unit residential property while others are…
Read More
The Multifamily Wheelhouse
Posted Tuesday April 17, 2018 in Private Lending, Real Estate
Loan amounts for multifamily properties in the $250,000 to $2 million range are typically too small for most major banks. Instead, such banks like to finance apartment buildings either short or long term in the $10 to $20 million dollar range and even higher. That leaves investors who are either starting out, or, just want…
Read More
Deal Structuring Done Right
Posted Monday April 9, 2018 in Private Lending, Real Estate
At CIVIC, we understand that deals are not always simple and straightforward. More often than not, there are complexities with a particular scenario discovered during the original vetting process. Or, during the evaluation process and after an appraisal has been ordered and received, additional situations are presented that can create a few twists and turns.…
Read More
Are You Getting Full Transparency from Your Private Money Lender?
Posted Monday April 2, 2018 in Mortgage, Private Lending
Seasoned real estate investors who have been in the business for quite some time can probably tell you a few stories about some of the earlier deals they tried to finance and why they didn’t go through. Many times the property being financed meant a loan amount of $300,000. The investor goes to the bank…
Read More
