Lending platform signs deal with Goldman Sachs

By Daniel Lanyon on Monday 16 October 2017

Alternative Lending

The transaction will enable the firm to provide “enhanced offerings”.

The transaction will enable the firm to provide “enhanced offerings”.

Real estate lending platform Genesis Capital has signed an agreement with Goldman Sachs to support the company in its next phase of growth.

Headquartered in Los Angeles, the firm is a high growth specialty commercial lending platform providing financing for qualified and experienced real estate developers focused on the residential real estate market.  

Genesis is being acquired from funds managed by Oaktree Capital Management, an affiliate Goldman entity.

The move is part of a strategy to help the platform achieve additional scale in its current market segments and introducing new products and financing solutions to a broader and national customer base. 

The Company's strategy is to be the “debt financing partner of choice” for professional residential developers offering responsive, flexible and reliable service that empowers clients to seize upon opportunities and grow their businesses successfully.

Rayman Mathoda, co-chief executive officer of Genesis, says that over the last several years, the platform has grown significantly and solidified a market position.

“This transaction will support that strategy by bringing further investment into the company and allow our customers to benefit from an expanded suite of offerings designed to meet their growing needs."

Genesis was advised by Wells Fargo Securities.  Legal counsel was provided to Genesis and Oaktree by Munger, Tolles & Olson.  Goldman Sachs was advised by Goldman Sachs & Co. LLC 

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