Richard Reynoso brings a focus on process clarity, efficiency and standardization that enables iFunding to multiply our number and quality of investments.
New York, NY (PRWEB) December 18, 2014
iFunding, the real estate crowdfunding platform that makes investing simple, announces that Richard Reynoso has joined the company as Vice President of Underwriting. Reynoso will oversee end-to-end lending operations for iFunding. This is a further step the company is taking to expand its capacity to source, underwrite and list quality real estate investments for its customer base of investors and real estate developers and operators.
Richard has an extensive background in varied lending environments including Commercial Real Estate, Corporate Finance, Project Finance, Leveraged Finance, Securitization, and Industrials. He has underwritten real estate investments as large as $150 million, ranging from corporate headquarters to retail establishments, single-family and multi-family residences, construction loans and economic development projects. Prior to iFunding, Richard was a Senior Credit Officer at investment banks including Bank of Tokyo-Mitsubishi and Barclays Capital, as well as at TruFund Financial, a Community Development Financial Institution.
CEO of iFunding, William Skelley, commented that “I’m excited to have Richard’s underwriting experience on our team. He brings a focus on process clarity, efficiency and standardization that will enable us to multiply the number and variety of quality investments we offer each month.”
In addition to the hiring of Richard Reynoso, iFunding welcomes Investor Associate Ian Nordin, and technology developer Matt Hart, to the team. Among their areas of focus, Ian will be increasing the frequency with which iFunding investors are proactively contacted for customer satisfaction feeback and investing preferences, while Matt will be extending iFunding’s system monitoring, security and code management capabilities.
In parallel with iFunding‘s ongoing crowdfunding for real estate properties, the company also is raising equity investment in its own company. In the first week of listing its corporate fundraising campaign at http://www.crowdfunder.com/ifunding, iFunding raised $1,200,000. The funds will be used to further expand operations, including underwriting, marketing and sales, and technology. Accredited investors are invited to read our materials on the site and consider investing in the company.
iFunding is a leading real estate crowdfunding platform, facilitating equity and debt fundraising for single family homes, multi-family residences, apartment towers, retail locations, office buildings and mixed-used buildings. iFunding provides opportunities for accredited investors to invest in institutional-quality real estate deals, with a minimum investment of just $5,000. The company oversees each deal throughout its lifespan, providing extensive information and transparency to give investors insight and oversight into their investments. iFunding is based in New York with investments across the U.S. Visit http://www.ifunding.co for more information, or connect with us on LinkedIn at http://www.linkedin.com/company/innovational-funding, on Facebook at http://www.facebook.com/iFunding, or via @inno_funding on Twitter. The corporate phone number for investor and operator inquiries is 844-367-4386.