MIAMI--(BUSINESS WIRE)--Korth Direct Mortgage Inc., (“KDM”), a national commercial real estate finance firm that offers fixed rate loans up to $100 million for multifamily, office, retail, mixed use, self-storage, industrial, and other select properties, today announced that current CEO James Korth will be stepping down from his role and that Holly MacDonald-Korth, KDM’s current President and CFO, will be assuming the role of Chief Executive Officer.
James W. Korth, former CEO and founder of KDM, started J. W. Korth & Company Limited Partnership in 1982. In 2016, he founded KDM along with MacDonald-Korth and Danny Llorente, KDM’s Chief Lending Officer. Korth has led KDM through the growth that the company enjoys today and exits the chief executive role having left a lasting impact on all those he has worked with. He will remain KDM’s Chairman of the Board, with the title of Chairman and Founder, as well as Managing Director of J. W. Korth & Company.
“Holly MacDonald-Korth has shown herself to be a strong, innovative, compassionate, and responsive leader for KDM,” said Korth. “Holly has essentially been acting CEO for a couple of years now and I am confident that with her at the helm, KDM will continue on its upward trajectory.”
Holly MacDonald-Korth, KDM’s new CEO, stated: “It has been the great honor of my life to work with my father, and to be a part of this team of hard working, dedicated, and passionate professionals who work tirelessly to help commercial real estate owners and borrowers achieve their business goals, while simultaneously bringing value to our investors. I look forward to continuing that legacy for years to come.”
MacDonald-Korth has been the President and CFO of KDM since 2017. Since 2006, she has served as the Managing Director and Chief Financial Officer of J. W. Korth & Company, where she oversees all operations, finance, and business development for the firm. Prior to joining J. W. Korth, she was Senior Vice President at Overstock.com and a financial systems analyst at the Board of Governors of the Federal Reserve in Washington, D.C.
She received a Bachelor of Business Administration with Honors in Finance from the University of Miami and holds Series 7, 24, 27, and 66 licenses.
For more information, please visit www.kdmfinancial.com.
About Korth Direct Mortgage Inc.
Korth Direct Mortgage is an Inc. 5000 company which was organized in 2016 and is a publicly reporting company, having previously had debt securities registered at the US Securities and Exchange Commission. Since 2017, KDM has completed approximately $600 million in balance sheet commercial real estate financing. The loans, ranging from $5 million to $50 million, are diversified by geography and asset class nationwide.
The company is a vertically integrated originator, lender, servicer, specializing in the securitization of first lien commercial real estate debt with headquarters in Coral Gables, Florida. KDM specializes in lending on income producing real estate, typically light industrial, warehouse, office, multi-family, and medical properties. It provides flexible institutional capital as a common-sense lending partner and manage borrowers through the entire loan-life cycle. KDM issues Mortgage Secured Notes ("MSNs") to fund its loans. MSNs are registered corporate bonds ("KDMMTG" on Bloomberg). You can find more information about KDM's lending platform at www.kdmfinancial.com or visit our corporate website at www.korthdirect.com.
Editor’s Notes: Interviews are available upon request.
