Swift Lending, a private commercial real estate lender, expanded its lending efforts through a $30 million senior credit facility supplied by Encina Lender Finance.
Swift Lending provides bridge loans to qualified real estate investors active in the residential real estate marketplace. Swift Leding is led by partners Steven Bettinger and Jim Terlizzi.
“Establishing a relationship with a top specialty finance lender such as Encina is a very important step in the growth of our business,” Bettinger, who is a managing director of Swift Lending, said. “The new capital raised through Encina will help us expand market share and take advantage of heightened demand for real estate financing solutions in various markets.”
“I’ve had the pleasure of working with both Bettinger and Terlizzi in the past and welcome the opportunity to partner with these two sophisticated and institutional grade entrepreneurs again,” Dan Avnir, managing director for Encina Lender Finance, said. “My team is excited to provide a flexible credit solution that will enable Swift to expand upon its proven strategy.”
