MRI Software | April 28, 2020
MRI Software ("MRI"), a global leader in real estate software solutions, announces the launch of key new and updated features for its residential, commercial and financials solutions that will better equip its clients to navigate the emerging challenges of the COVID-19 crisis. The company has introduced enhancements to its comprehensive MRI Living, MRI @Work and Financials suites that will empower owners and operators of both residential and commercial properties to adapt to changing behaviors and market conditions resulting from the pandemic.
Advanced Flower Capital | August 18, 2020
AFC Gamma Inc., a commercial-mortgage real-estate investment trust ("REIT"), announced today that it has completed a first close of its $200 million investment vehicle, having raised approximately $80 million of equity from over 20 large family offices. Additionally, AFC Gamma has a credit line of up to $40 million, providing the REIT with approximately $120 million of capacity to lend to cannabis operators. With companies in the industry continuing to face challenges accessing capital, AFC Gamma was founded to fill a void in the market by providing funding that these companies need to expand and operate their businesses. The company has already provided debt financing for five companies, including dispensaries, cultivators, processors, and combined operations. To date, AFC Gamma has funded about $50 million in six transactions across five borrowers and has committed approximately an additional $30 million, to its existing borrowers and to two new loan originations closing shortly.
REAL ESTATE INVESTMENT
Axylyum | September 13, 2021
CRE Financial Firm, Axylyum Charter recently announced that they have joined the American Association of Private Lenders. The oldest national organization representing the private real estate and peer-to-peer lending industry, AAPL's members include private money lenders, mortgage fund managers, brokers and service providers from around the United States.
"We are very pleased to have joined such an important industry organization. The team at Axylyum believe very strongly in AAPL's core values and appreciate all that they do for the private lending space. We are looking forward to fostering this relationship and utilizing AAPL's member resources to better support our growing base," said Steven Amshen, general counsel at Axylyum.
Axylyum Charter was founded in early 2021 with the purpose of disrupting the distressed mortgage industry. The firm is a market creator and leader in providing portfolio-wide secure engagement options to Retail and Wholesale Lenders that allow for an immediate repurchase of Lenders' defaulted loans. Through their exclusive product, AXY Wrap™, Axylyum offers a secure guarantee on the performance of asset-based non-owner-occupied loans through portfolio-wide engagement pricing.
"The American Association of Private Lenders is pleased to have Axylyum join us as a service provider member. We look forward to supporting Axylyum as we do all our members through education, ethics, and advocacy," said Linda Hyde, managing director of AAPL.
Axylyum Charter focuses on acquisition of defaulted asset backed non-owner-occupied loans through portfolio wide engagement guarantees to non-traditional lenders. The goal of the organization is to disrupt the distressed mortgage-backed asset space by executing their litigation-driven equity capture position in high value markets.