DALLAS, April 8, 2019 /PRNewswire/ -- Residential Capital Partners is pleased to announce the acquisition of 3L Finance. As a part of the acquisition, Residential Capital Partners is pleased to be the national hard money and rental finance lending partner to 2020 REI Group.
Paul Jackson of Residential Capital stated, "We are excited about the opportunity to serve the 3L Finance customer base going forward and join forces with the 2020 REI Team." Both Residential Capital Partners and 3L Finance have been leaders in the single-family rehab financing space for more than 10 years.
Richard Morgan of Residential Capital believes, "the impact of both teams coming together with a borrower-based service platform will afford the combined team with a great opportunity to grow and reach more customers."
3L Finance was founded by Tim Herriage as a subsidiary of his 2020 REI Group to facilitate and relate to the real estate investor in the field. "We have always loved facilitating and partnering with investors as they pursue their goals through the real estate investment process. Residential Capital Partners gives us the ability to expand our reach and impact to this community," said Herriage.
With the acquisition, Residential Capital Partners will continue its growth as a leading hard money and rental finance lender with a national scope. More information can be found at: https://residentialcapitalpartners.com/
About Residential Capital Partners:
Residential Capital Partners is a leading hard money lender with a national scope. We understand the demands of the 1 to 4 family residential purchase and rehabilitation process. We encourage our customers to enroll in our pre-approval process so that we can move swiftly through the property application when the opportunity is present.
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SOURCE Residential Capital Partners