William J. Tessar, the former president of CIVIC Financial Services, has announced the opening of the private lender CV3 Financial Services LLC.
The new company will be headquartered in Los Angeles and will provide financing options including bridge, fix and flip rehab loans and rental property financing for real estate investors in 21 states and the District of Columbia. Tessar said CV3’s digital lending platform is designed to simplify the loan process, with the company handling all of the processing, underwriting, and funding.
“We are launching what we believe will quickly become the dominant lender in the industry, with a fresh start and without any legacy issues,” said Tessar, CEO and president of CV3. This enables CV3 to pursue our mission to be the number one choice for financing by real estate investors.”