Texas Real Estate News: RealtyMogul.com to Open New Sales Office in Houston

Posted by Staff Reporter (media@realtytoday.com) on Dec 17, 2015 08:24 AM EST
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HOUSTON, TX - MARCH 26: A view of the Houston skyline at dusk on March 26, 2013 in Houston, Texas (Photo : Scott Halleran/Getty Images)

RealtyMogul.com, an online marketplace for real estate investing, has announced that it has opened a new sales office in Houston led by Rick Clark, Vice President of Commercial Lending at RealtyMogul.com.

            "We are excited to have recently opened our Houston office and have someone of Rick's caliber and experience manage it on our behalf," said Jilliene Helman, RealtyMogul.com's CEO. "Rick has a strong background in commercial real estate, and will be a strong addition to our team. Selecting a central location of Houston for this office was an easy choice based on our current transactions in this region."

            As the head of the new Houston sales office, Clark is given the responsibility for originating both debt and equity transactions for RealtyMogul.com.

According to their press release in Business Wire, the Houston sales office is going to offer joint venture equity, preferred equity, bridge loans and private money commercial loans.

            "I joined the RealtyMogul.com team because this is an exciting opportunity with a rapidly growing company and innovative platform," said Clark. "Houston has a very dynamic real estate market, and I look forward to serving our clients both regionally and nationwide with our product offerings."

            Before joining RealtyMogul.com, Clark worked as the Senior Vice President at Integrity Bank SSB. During his stay with Integrity Bank SSB, he led the origination and closing of bridge and construction loans for multiple asset classes, amassing a loan portfolio greater than $100 million.

            RealtyMogul.com is the leading online real estate capital marketplace, offering commercial equity and commercial debt products nationwide, educating our investors, and building a company. Through an online platform, RealtyMogul.com gives borrowers access to debt capital, sponsors access to equity capital and investors tools to browse investments, perform due diligence and invest online. RealtyMogul.com offers fix-and-flip loans, bridge loans, permanent loans and joint venture equity.

            At present, RealtyMogul.com has more than 20,000 investors, borrowers and sponsors. More than 300 properties valued at over $700 million were financed by RealtyMogul.com as well.

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