Source Realty Capital Continues Strong Growth of Loan Originations

NEW YORK, September 8, 2022 (Newswire.com) - Source Realty Capital, a New York-based private real estate lender, has recently reached over $50 million in loan originations to date in 2022.  Through its network of borrowers and brokers, Source Realty Capital originates private money real estate loans for experienced real estate professionals looking to buy and renovate investment properties. 

Founded in 2019, Source Realty Capital is led by John Femenia. John has over a decade of experience working in the financial industry. John has recently transitioned to solely focus on real estate lending. At Source Realty Capital, John has grown originations from zero to over $15 million per month.  

"In such a competitive space as private lending, you really need to set yourself apart from the competition. We always try to win on service. Our strong growth is largely due to our ability to deliver to our borrowers and brokers. The vast majority of our business comes from repeat borrowers. That says a lot about our ability to get deals done," stated John Femenia.

"The real estate market has changed over the past couple of months, but our originations have remained strong. We will continue to focus on new avenues for growth," stated John Femenia.

ABOUT SOURCE REALTY CAPITAL

Source Realty Capital was founded in 2019 to capitalize on the need for private capital in the real estate industry. By focusing exclusively on 1-4 family and small balance multi-family properties, Source Realty Capital has been able to carve out a niche for itself and effectively deliver capital to experience real estate investors. 

For more information about Source Realty Capital, please visit www.sourcerealtycapital.com

Source: Source Realty Capital