Financial Funding Purchases Amerifunding In a Bold Expansion Move
NEW YORK, May 20, 2013 /PRNewswire/ -- Financial Funding LLC, a Metro Area Commercial Lender has made a bold move of expansion by acquiring Amerifunding LLC, with the hopes of doubling their business in 2013.
The first quarter of 2013 proved to be the most profitable first quarter in the company's 36 year history. We felt that the time was right, according to Richard K Tretsky, Financial Funding's Chairman. Tretsky explained that Financial Funding was making every move possible to become a major player in the Commercial Lending business. We have always been successful, and now we want to be bigger and more successful, Tretsky said at today's Board of Directors meeting.
While the principles of Amerifunding are retiring, the balance of their staff will be retained by Financial Funding, in their New Jersey branch office located at 125 Half Mile Road, Red Bank NJ.
Amerifunding's staff of processors, underwriting, closers, and sales shall be working under the direction of Financial Funding, CEO, Todd Tretsky. He will be assisted in this made for one another merger by Financial Fundings Operations Manager, Terri Galligan.
Richard Tretsky has had the team of Terri Galligan and Todd Tretsky operating the Financial Funding team since 1999. Under Todd's directions and with Terri's assistance, the merger of the two companies will be smoothly handled.
We expect the smooth mergence of both staff. We will continue and actually improve both our product offerings and our service to clients of both firms.
Amerifunding brings a new line of private lending to Financial Funding, thereby increasing Financial Funding's types of new loan offerings. We can now do more types of commercial loans, according to Todd Tretsky the new CEO of the combined firms.
Amerifunding brings with it staff additional experience in commercial lending.
Richard and Todd Tretsky, jointly addressed the combined staffs of the two companies and welcomed everyone together to form a new, great professional team of Commercial Lenders.
The Company will look in the future for more acquisitions. We want to expand, we have the experience and we have the revenue to grow bigger and better, according to the Chairman. This is just the beginning of our growth and acquisitions. We are already looking at a few other companies, and this will not be our last addition this year, according to Todd Tretsky CEO. Sales are up, volume is up and revenue is at an all-time company high. More expansion is in the offering for the balance of 2013.
We are now a company with an eye on the future. Growing all our divisions of the Commercial Lenders is our Goal.
Commercial mortgage for office buildings, shopping centers, both strip centers and malls. Also – apartment buildings, mixed use buildings, office, condos, hotel & motels with national flags and certain types of commercial construction loans all fit our guidelines.
Hard Money lending is a separate division. But our Hard Money has more competitive rates than most Hard Money lenders.
We are a common sense Commercial Mortgage Lender. Our underwriters are trained in the common sense school of underwriting. They are underwriters who are deal makers, not deal breakers.
For more Commercial Mortgage information, you can check our website: www.financialfundingllc.com or call either Todd Tretsky or Richard Tretsky at 800-743-8895.
SOURCE Financial Funding LLC