At least nine US states will gain access to new credit facility
Flatiron Realty Capital, LLC has closed $1 billion in new credit facilities to expand its real estate lending operations across the United States.
The funding will support the financing of luxury single-family homes by providing capital to homebuilders, mortgage loan originators, and brokers.
The privately funded real estate portfolio lender announced that the new credit facilities will help meet rising demand for ground-up luxury home financing in several US markets, including New York, New Jersey, Connecticut, Pennsylvania, Florida, Texas, California, Arizona, and Colorado.
Flatiron’s founding partners—Robert Talas, Michael Ostad, and Edward Ostad—were involved in securing the credit facilities and continue to play a key role in the company’s business strategy.
"This successful closing marks a pivotal moment for us at Flatiron Realty Capital and reflects the trust we've built within the real estate finance sector," said founding partner Michael Ostad. He added that he is proud of the team's commitment to providing capital for the luxury home market and looks forward to accelerating the pace of real estate transactions.
The new resources will allow Flatiron to issue direct loans to luxury homebuilders and act as a financing source for brokers and mortgage loan originators.
The company expects these funds to speed up closings and improve liquidity, providing industry professionals with faster access to capital. This may create a more efficient environment for buyers and sellers of high-value residential properties.
Robert Talas described the credit facility as a significant achievement for Flatiron Realty Capital, saying it demonstrates the firm's position in the market.
"Flatiron is here to support you not just as a partner, but as a reliable and influential force in the industry. We are committed to being your trusted ally in business, providing the financial strength necessary for your success," he said.
How will increased access to financing affect the real estate market? Share your thoughts in the comments.
