Online real estate crowdfunding marketplace RealtyShares has named Bill Lanting its vice president of commercial debt originations. He will lead the expansion of RealtyShares’ commercial debt product.
While with Thorofare Capital and Partners Capital, Mr. Lanting was responsible for bridge loan originations, underwriting and raising multi-million dollar investment funds from institutional investors. He was also an executive with the Radisson and Wyndham hotel chains.
RealtyShares’ growth pattern increased the need for someone like Mr. Lanting, founder and CEO Nav Athwal said.
“Our focus has always been on identifying areas where raising capital is the most inefficient and providing real value there. We started with single family debt and commercial equity, and over the last few months we’ve seen a real increase in interest from our customers in using our platform for commercial debt as well.”
Mr. Lanting sees a void in the marketplace that RealtyShares is well positioned to fill.
“I’ve always been intrigued by the marketplace lending space, and I saw an opportunity not being fully realized within the industry. I think RealtyShares can bring something that nobody else has. By building a platform as a direct lender, with both institutional and private discretionary capital, plus capital available through our network of investors, we will be able to hit all areas of the capital stack from low-risk bridge debt, to more risk-adjusted bridge debt, all the way up into mezzanine debt including equity.
“Very few entities are doing that very well.”
RealtyShares said its investor network has funded close to $200 million across more than 400 investment opportunities in 31 states.
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