Legion Capital Launches Nationwide Online Lending Platform for Real Estate Developers
- FinTech StartUps
- 14.01.2022 11:15 am
Publicly traded fintech specialized lender is expanding loan portfolio with focus on real estate development
Legion Capital Corporation (OTCQB: LGCP), a fintech-enabled private equity lender serving small to medium sized businesses and real estate developers, today announced plans to expand its lending portfolio through the launch of the Legion Funding platform, which enables real estate owners and developers throughout the U.S. to submit potential transactions online.
Legion has steadily grown its direct lending portfolio since product launch in December 2015, by focusing on early stage housing and real estate development finance in the ever growing Central Florida region. The company now looks to expand in select markets nationwide through the launch of the new platform.
"Our unique approach to specialized lending, particularly to early stage real estate developers, has distinguished us from our competitors," said Paul Carrazzone, President of Legion Capital. “By providing critical early-stage capital bundled with a basket of services and other key resources, we serve a need that has gone unserved by commercial banks and traditional lenders.” Carrazzone added, “Legion now looks to capitalize on the success we have experienced in Central Florida by expanding our footprint into other key markets nationwide.”
Legion recently announced the sellout of its $40 million SEC qualified offering and has amended and increased the offering to $75 million as approved by the SEC on January 7th, 2022.
“We are excited to expand our loan portfolio and open loan processing online as well as nationwide,” stated Treanna Scholer, Manager of Lending Operations. “We look forward to helping real estate developers advance their mission by leveraging our fintech technology coupled with high touch relationship management.