- REZYFi is a specialized financing company in the U.S., originating, structuring, and investing in first mortgage loans and alternative structured financings secured by commercial real estate properties
- Target markets include licensed and permitted cannabis companies, owners of real estate who lease to cannabis companies, and companies and individual homeowners seeking a variety of real estate-related first and additional mortgage-based financing
- Currently licensed in 36 states, with plans for expansion into all states, REZYFi is leveraging its experience, a network of independent brokers, and proprietary technology, to enhance its offering within target markets
- REZYFi operates through two wholly-owned subsidiaries – REZYFi Lending and ResMac, Inc. – offering financial services and direct lender/originator options across a large network of correspondents
The cannabis industry overall has been experiencing significant growth, with double-digit rates, and companies are competing to gain a significant market share. Leading players in the cannabis market are undertaking inorganic growth strategies, including expansions, investments, and acquisitions, to increase their profits and share of the market. The worldwide market is expected to be valued at $27.7 billion in 2022 and projected to reach $82.3 billion by 2027, recording a CAGR of 24.3%, driven by the increased legalization of cannabis for recreational and medical purposes use in countries (https://cnw.fm/JhvVs).
Mortgage lender company REZYFi, servicing the needs of both traditional and non-traditional consumers and businesses, is positioned to be one of the first cannabis mortgage bankers in the United States – an industry where many traditional lenders are reticent to serve the state-licensed cannabis industry. REZYFi operates through two wholly-owned subsidiaries:
REZYFi Lending – leveraging a wide network to offer options such as 15- and 30-year fixed-rate loans, FHA loans, VA loans, reverse mortgages, jumbo loans, and adjustable-rate mortgages, REZYFi Lending expects increased funding in marketing and loan agents to drive origination growth over the next two years, which is supported by its planned launch of a high-margin cannabis division later this year.
ResMac, Inc. – in operation for 13 years, ResMac, Inc. allows REZYFi to operate as a direct lender and originator of residential mortgages, with active mortgage correspondent and mortgage servicing operations. ResMac primarily purchases and aggregates residential mortgages through its correspondent segment from trusted third-party originators. The subsidiary has closed more than 20,000 loans for more than 15,000 clients and expects to accumulate $285 million in retail origination in 2023.
With its corporate strengths, REZYFi’s diversified approach to the real estate lending sector positions it to capitalize on growth in multiple verticals due to its experience, a network of independent brokers, and proprietary technology. Led by a seasoned management team, REZYFi has been built from the extensive experience of its leaders in real estate, financing subsectors, and the cannabis and hemp marketplace. Over the last five years, management has developed an extensive network of independent mortgage-related brokers and is currently training the network members on the company’s new service offerings, with many already launching new sales efforts.
Currently licensed in 36 states, with plans to operate nationwide, REZYFi has invested heavily in designing, building, and implementing proprietary automated/machine learning technology to shorten loan processing timeframes and increase efficiencies. This allows the company to operate its legacy business at staffing levels meaningfully below its competitors. This unique advantage allows REZYFi to leverage its target markets and excel in areas where traditional banking institutions are still hesitant.
For more information, visit the company’s website at www.REZYFi.com.
NOTE TO INVESTORS: The latest news and updates relating to REZYFi are available in the company’s newsroom at https://cnw.fm/REZY
CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.
To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)
For more information please visit https://www.CannabisNewsWire.com
Do you have questions or are you interested in working with CNW? Ask our Editor
CannabisNewsWire is part of the InvestorBrandNetwork.