The Loan Store rebrands to Averra Financial
The wholesale lender said non-QM volume is up 68% year to date through August and loans in process will close as scheduled
The rebranding of The Loan Store to Averra Financial may seem like a straightforward business move, but it comes at a time when the wholesale lending landscape is shifting. With non-QM volume up 68% year to date through August, it's clear that Averra Financial is positioning itself for growth in a sector that's becoming increasingly important for construction financing. As construction projects often rely on non-traditional financing options, this growth could have a ripple effect on the construction industry.
Averra Financial's commitment to closing loans in process as scheduled is also reassuring for construction borrowers who rely on timely financing to keep projects on track. Delays in financing can have costly consequences for construction projects, leading to delays, cost overruns, and even project cancellations. By prioritizing loan closings, Averra Financial is demonstrating its reliability and commitment to serving the construction industry's needs.
As the construction industry continues to navigate a complex financing landscape, it's worth watching how Averra Financial's growth in non-QM lending impacts the market. Will the company's increased volume lead to more construction projects getting off the ground? How will Averra Financial's rebranding and growth affect its relationships with construction borrowers and partners? Keeping an eye on Averra Financial's next moves will provide valuable insights into the evolving construction financing landscape.
Originally reported by housingwire.com. ConstructionNews adds analysis for real estate & property readers.