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Posted by TMS2000 on

GreenSky Credit is first company to deliver true instant bridge financing for retail customers

In the field of commercial real estate development, bridge financing is one of the key credit facilities that keep the industry running. Because real estate is one of the most capital-intensive businesses that there are, it is necessary for projects that are developing multi-million-dollar properties to have access to a wide variety of funding vehicles that are able to keep the cash flowing in the event of temporary funding shortfalls or unanticipated expenses. If all commercial real estate developers needed to rely solely on traditional mortgage financing or their own cash reserves, the entire real estate development industry in the United States would quickly grind to a halt.

Bridge financing for consumers

Yet, in today’s increasingly expensive real estate market, private homes are often million-dollar investments. And private homeowners face many of the same costs as professional real estate developers when it comes time to build a new property, renovate an existing one or to add an addition to their homes.

But these consumers have not traditionally had access to the same kinds of bridge financing as commercial developers. This has meant that, just as the commercial real estate development industry relies on bridge financing to get most deals done, billions of dollars per year in private home renovations that could have been done get shelved.

GreenSky Credit is the first company to address this issue. GreenSky provides a form of instant-approval bridge financing at the retail level for homeowners who are looking to do major renovation projects but who simply lack the cash or alternative financing options to do so. GreenSky is able to extend customers truly instant point-of-sale loans for amounts well into the six figures. And it is able to do so with loans that have some of the best terms imaginable.

A typical GreenSky loan involves no interest and no payments for the first full year. After that, higher rates kick in. But the majority of GreenSky customers never see those higher rates because they pay the loan off, in full, before the teaser rates end.

https://seekingalpha.com/article/4200009-greensky-cloudy-skies-will-dissipate

Posted by TMS2000 on

Marc Beer, Series B Financing with Renovia

Marc Beer is the CEO of and co-founder Renovia. Renovia is an organization that deals with pelvic floor disorders. Renovia is said to diagnose and treat these types of disorders. Beer has experience in the field of commercialization for products. He has been involved with the commercialization of products for the past 25 years. Marc Beer has been involved with the pharmaceutical industry for years. During 2000, he was given the title of Chief Executive Officer for ViaCell. ViaCell is a biotech firm. They are said to specialize with the developments and collection of stem cells. Beer has been involved with these types of companies throughout the course of his career. He has been involved with the pharmaceutical industry and has skills in selling and commercializing products.

 

Series B financing was initiated in the company of Renovia, according to a business media outlet. There was participation from multiple companies such as Longwood Fund, Cormorant Asset Management, Inova Strategic Investments, and Western Technology Investment. These companies were involved in the series B financing for Renovia and their subsidiary business ventures. BayCross Capital Group was the advisor for Renovia during this business transaction.

 

Renovia is said to treat woman with this disorder. The company offers mobile app assistance that helps monitor and treat the condition. They also offer medical devices for the use in pelvic floor disorders. Renovia hopes to be the industry leader in women’s healthcare. Their goal is to expand the brand and reach more consumers. There have been pharmaceuticals prescribed for the treatment of pain to their patients. Renovia believes digital healthcare is a field that is yet to be discovered. They believe that digital healthcare is the missing link. In combination with generic treatments of the disorder, Renovia believes digital services will help treat the patient and their symptoms.

 

Marc Beer spoke about trends that excite him. He spoke about the breakthrough of digital health. He believes this is the era of digital services. He believes digital services will subsequently provide a breakthrough in medicine and treatment of disorders. He spoke about his habits as a businessman. He said allocation of funds and capital are the two biggest ways to succeed in the industry. He believes there should be a return of funds for the shareholders who invested in the company. Each investor and shareholder aims to see a return on their funds. Renovia aims to provide a return for their shareholders and create profit on top of that. When a company receives an investment in exchange for equity, the investor plans to receive his or her money back as well as a flow in profit. Learn more: https://renoviainc.com/leadership/