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Encina Lender Finance Provides $30MM Senior Credit Facility to Swift Lending

July 07, 2022, 07:53 AM
Filed Under: Lender Finance

Swift Lending (“Swift”), a national private commercial real estate lender, announced plans to expand its lending efforts through a senior credit facility provided by Encina Lender Finance.

Swift provides bridge loans to qualified real estate investors active in the residential real estate marketplace. Swift 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," said Swift’s Partner, Steven Bettinger. "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."

Dan Avnir, Managing Director at Encina Lender Finance, said, “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. My team is excited to provide a flexible credit solution that will enable Swift to expand upon its proven strategy.”

Swift Lending is an asset backed lender that provides real estate professionals with investment capital. Swift is flexible and caters to professional “fix and flip” and rehabilitation specialist investors. They have successfully completed thousands of transactions and have a unique underwriting structure that allows for fast and efficient financing. Swift was founded in 2013 by Steven Bettinger and Jim Terlizzi and has deployed more than $300mm since inception with virtually no losses. The company has grown over the years with equity from its founders and retained earnings. Swift currently has approximately $60mm in loans outstanding and, with the credit facility from Encina, the company is expected to grow through $75M by the end of the year. 


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