Sherman Bridge, a private money lender for investors purchasing distressed single-family residential real estate, has launched an online marketplace designed to connect lenders with real estate investors.
According to the company, the marketplace will bring together investors with 15 lenders ready to make speedy offers. The marketplace first launched in all major cities in North Carolina, as well as Philadelphia, Tampa, St. Petersburg and Greenville, South Carolina, with operations now in over 40 U.S. markets.
Sherman Bridge is affiliated with New Western, a Dallas-based private source of residential investment properties.
“Amidst the persistent inventory shortages plaguing the housing market, it’s imperative for investors to secure rapid capital through reliable lenders in order to refurbish homes and expedite their return to the market,” said Kurt Carlton, co-founder and president of New Western. “Leveraging a platform like Sherman Bridge, which provides a free and seamless loan comparison experience, stands out as a remarkable resource, enabling investors to efficiently obtain the swift, trustworthy funding essential for acquiring their next property.”
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