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I Fund Philly Names Ziegenfuse Managing Partner

February 04, 2019, 07:00 AM
Filed Under: Real Estate
Related: Real Estate

I Fund Philly (iFP), a private lender that provides working capital to developers, investors and builders, hired Bryan Ziegenfuse as its new Managing Partner.

Ziegenfuse formally joined iFP in December of 2018 following a diversified 15-year career as an executive across the servicing, capital markets, finance and portfolio management disciplines. Bryan brings leadership and “scalable” process development to iFP. He was Vice President at Ocwen Financial Corporation where he led numerous corporate initiatives and managed key government relationships. Prior to Ocwen, Ziegenfuse held several positions at GMAC, including Director of Restructuring, Senior Fixed Income Trader and Director of Finance. 

“We’re excited to welcome Bryan to I Fund Philly,” said Founder Ryan Herting. “Bryan’s vast strategic, financial and operational experience will be invaluable to the company as we work to deliver value to our investors and customers.”

As managing partner, Ziegenfuse will lead iFP’s efforts to capitalize on a long term fundamental trend in asset based lending.

"The team at iFP believes that we are not in the 1st innings of this shift however the market has a long way to go to become more developed," the company said. "Increasing securitizations and institutional participation are helping support the product segment overall with investors closely watching the performance of the underlying collateral in those deals. Further development opportunities continue to exist within the capital markets and product itself. Additionally, with overall housing supply in balance with demand the belief is that highly desirable areas have limited “mass” development opportunities for large developers creating strong support for small and medium size developers. Through iFP’s own interviewing of local realtors in Philadelphia during December 2018 into January 2019, those local realtors continued to see strong demand for renovated homes." 

In promoting a diversified skill set across the rest of the iFP team, Ryan Herting and Christopher Tereo have been developing real estate in the Philadelphia neighborhoods for years analyzing trends neighborhood by neighborhood, block by block and street by street. Having a local boots on the ground knowledge down to the micro level is imbedded into the iFP approach and processes. 

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