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Embark on a captivating journey with us as we explore the extraordinary evolution of Crowd Lending, a trailblazing force in the lending world.
In 2015, Christopher Fiumara called up Dan Najarian and ignited the spark, envisioning a hard money lending empire. Those early days were a paperwork pilgrimage, laying the groundwork for the triumphs that followed.
By 2016, the team expanded with the addition of Christopher Roche, bringing a valuable book of business. The first loan was successfully executed, marking a significant milestone. The subsequent year, 2017, witnessed a pivotal move from Watertown to A street in Boston, accompanied by the invaluable addition of Victoria Shea for Operations.
Nick Todman joined the team in 2018, contributing to the financial aspects of the growing enterprise. In 2019, the company achieved an impressive feat of 218 loans, nearly hitting the $100 million mark. To manage the increasing loan volume, Alison Boyd was brought on board, and Keith Carter - Assistant (to the) CEO, entered the scene right before the chaos of Covid.
2020 dealt a wild card with the pandemic, forcing a 6-7 month shutdown. However, Crowd Lending not only survived but also developed strategies to navigate through borrower non-payments, troubled loans, and property takeovers.
In 2021, the company expanded its horizons by hiring your beloved Root Beer for marketing. A significant shift occurred in 2022 with the relocation of offices to Quincy. The following year, in 2023, a pivotal partnership was formed with Cahoon Capital, propelling Crowd Lending to new heights.
Fast forward to the present, and the results speak for themselves. In 2023 alone, the company accomplished an impressive $158 million, reflecting a remarkable 50% increase from 2019. January 2024 has already seen a phenomenal start, with $12 million in transactions, a threefold increase from the usual January performance.
Join us as we unravel the story of Crowd Lending – a tale of resilience, growth, and success in the ever-evolving landscape of hard money lending.