Las Vegas, NV (PRWEB) October 20, 2007
Diamond Bay Investments (DBI) announces that Doug Esteves will join the company as an owner-partner. Esteves is a highly recognized private capital investor and industry leader, having participated in private capital lending for nearly a decade.
"Bringing Doug into the company will allow us to rapidly expand our lending capabilities on a nationwide basis. His experience in selecting, structuring and underwriting mortgage loans will ensure the quality of each investment the company makes and enables us to maintain our competitive advantage of being fast, flexible, and reliable," says Jordan Wirsz, CEO of DBI.
The partnership was created as Wirsz and Esteves contemplated ways to dramatically increase DBI's market share and further penetrate the underserved private capital niche. "We concluded that the synergy of bringing together our talents would greatly enhance our ability to grow the company at an exponential rate. Jordan will oversee capital formation and continue the implementation and execution of the corporate vision and I will oversee the selection, structuring and underwriting of mortgage investments," says Esteves. Diamond Bay plans to build its portfolio to $500 Million within the next three years.
Diamond Bay Investments:
The company, headquartered in Las Vegas, Nevada, is a direct lender specializing in short term-bridge financing of commercial real estate and land for development. Look for the company to fund bridge loans on a nationwide basis, with preference in the western United States. Target properties are primary commercial types including, retail, office, industrial, and hospitality. Also considered is multi family residential and land for development. For further information go to http://www.diamondbayinvestments.com.