NEW YORK--(BUSINESS WIRE)--B2R Holdings announced today it has rebranded as Lending.com – a transformative technology platform designed to address industry fragmentation and offer a faster, lower-friction process for consumers, entrepreneurs and established businesses alike.
“We’ve created a unique, technology-enhanced lending platform to allow loans at greater volumes while effectively managing credit risk and operating efficiency,” said Nick Gould, founder and chairman of Lending.com. “We continue to leverage and build upon this low-friction platform to revolutionize lending itself as we deploy new products. We are very excited about the future of this innovation.”
The Lending.com platform has been in development for the past year and initially focused on disrupting residential rental finance through the platform’s anchor tenants, B2R Finance and Dwell Finance.
“While we’ve all grown accustomed to hearing about the economic recovery and the cost of capital being at an all-time low, the reality is that lending remains constrained,” said Jason Hogg, founder and CEO of Lending.com. “Consumers’ access to credit is still fragmented and banks are unable to adapt to this rapidly evolving landscape. In the last 24 months alone, a slew of new upstarts offering various degrees of sophistication and investor capital have emerged, claiming to address these issues. However, there is still no transformative technology platform – let alone one backed by a world-class sponsor – that can offer a faster, fairer, lower-friction lending experience for entrepreneurs, businesses and consumers – until now.”
Hogg continued, “We’ve already seen our platform revolutionize commercial real estate financing – originating more than $1B of loan volume in the first year alone with zero delinquencies, while also facilitating the industry’s first-ever multi-borrower securitization. We’re confident this technology can be used to disintermediate how lending is done across multiple industry verticals, including consumer installment, durable goods and small business lending. Our ultimate goal is to empower entrepreneurs, businesses and consumers.”
Lending.com’s modular, multi-tenant architecture enables partners to leverage all or parts of the platform. Partners can select from a menu of options, including the proprietary Origination Engine, Waterfall Decisioning, Servicing and Processing, Balance Sheet Management and Capital Markets Access, choosing the solution that best accelerates their growth. Tech-heavy, capital-light partners can especially benefit from Lending.com’s multi-balance sheet capability, offering more than $1B in lending capacity for approved products through several warehouse partners including Citibank, Goldman Sachs, Guggenheim Partners and Wells Fargo.
The new company remains the parent entity of residential rental finance provider B2R Finance and its division Dwell Finance. The existing management team remains intact.
Lending.com will illustrate the full extent of its platform capabilities at Money20/20, taking place October 25-28 at the Venetian in Las Vegas, NV. The company will also exhibit at booth #1950.
About Lending.com
Lending.com is a turnkey, plug-and-play proprietary lending platform with modular multi-tenant architecture, allowing for total flexibility across products and industries. Led by seasoned entrepreneurs Nick Gould and Jason Hogg, the Lending.com management team boasts more than 50 years of experience in the lending and payments industries. The platform has originated more $1B of loan volume since inception and has securitized $230M in loans to date. Lending.com was founded with funds managed by Blackstone Tactical Opportunities. For more information, visit www.lending.com.
