“I look forward to joining the team and developing a diverse capital markets strategy to support bringing these distressed houses back to life.”
Austin,TX (PRWEB) April 30, 2013
Econohomes, a leading national reseller of distressed, affordable homes and related investor financing, announced it has hired William J. Kerley, the former CFO and VP of Operations and acting CEO of WhiteGlove Health, to take over as Chief Financial Officer.
According to Jeff Ball, CEO of Econohomes, the hiring of Kerley is an important milestone in the Company’s strategy to dramatically expand its lending business. “Bill has a broad finance and operations background,” says Ball. “Combining that with his extensive experience with capital markets, Econohomes will be in a better position to serve the large, underserved market opportunity for financing distressed, affordable homes across the United States.”
Kerley’s most recent experience was as CFO and VP of Operations and acting CEO of WhiteGlove Health, where he is credited with helping the innovative healthcare company grow at a 100% annualized rate over four years. His work as CFO at WhiteGlove was instrumental in raising more than $38 million in venture capital, and debt capital. “Managing fast-growth companies like WhiteGlove Health greatly enhances our capabilities as we seek to expand our lending business,” Ball says.
Kerley brings over 30 years of experience in leadership roles in such companies as Bechtel, Potts Investments, JDN Realty Corporation, Collective Technologies and MTI Technology Corporation. As CFO of JDN Realty, he helped manage the company to an annual growth rate of 40% over five years while also steering the company through an IPO and six secondary offerings worth over $600 million. “Econohomes has hit on a very large, underserved market,” Kerley says. “I look forward to joining the team and developing a diverse capital markets strategy to support bringing these distressed houses back to life.”
Earlier this year, Econohomes launched a new line of real estate financing products to help investors finance purchases of foreclosed properties anywhere in the United States. “We feel strongly that Bill has the right skills, experience and leadership experience that Econohomes needs to continue innovating new financial products and services to rapidly grow our lending business,” Ball adds.
More details about Econohomes REO property listings and new flexible financing portfolio are available at http://www.econohomes.com/.
Econohomes unlocks the enormous potential of distressed houses for buyers, sellers, and communities. Econohomes is the leading online source for wholesale investment properties and provides the most efficient, reliable and personal customer experience for the purchase, sale and financing of homes less than $100,000. With hundreds of investment properties offered in more than 40 states and a proven track record of acquiring and selling over 7,500 properties since 2005, Econohomes is the place to go to purchase and finance great investment properties.