LendingHome, a San Francisco, CA-based lender to real estate investor, raised $75m in Series E funding round.
Benefit Street Partners led the funding round. In conjunction with the funding, Richard Byrne, President of Benefit Street Partners, will join the Board of Directors.
The company intends to use the funds to accelerate growth in the real estate investment market.
Established in 2013, LendingHome makes it easy for professional and first-time real estate investors to quickly receive the financing they need for their projects using a combination of technology and expert advice.
The company also added Michael Bourque as Chief Executive Officer. Bourque brings nearly 20 years of executive experience to the table. At General Electric, he served in leadership positions in finance, audit, and financial planning roles, spanning various industrial manufacturing and financial services businesses. Prior to LendingHome, Bourque served as the CFO of publicly traded mortgage servicer Ocwen Financial Corporation, which at the time was an organization of 10,000+ employees.