Altriarch Asset Management closed a $12.5 million senior secured revolving facility for RLTYco. The two-year loan, which has an option to extend an additional year, will give RLTY the ability to expand its portfolio and enhance its financial offerings for real estate professionals, brokerages and developers.
“We are thrilled to support RLTY as they continue to revolutionize the real estate financing landscape,” Danielle Brown, general partner at Altriarch, said. “This partnership allows RLTY to scale its technology platform via the proceeds from the new senior facility.”
“This facility is a pivotal step in solidifying our brand as a leader in the real estate financing sector,” Briggs Elwell, co-founder and CEO of RLTY, said. “We are excited about the partnership, as this capital will increase our capacity to serve real estate professionals across the country.”
