LOS ANGELES, June 08, 2016 (GLOBE NEWSWIRE) -- Genesis Capital announced today that its Board of Directors has appointed Rayman Mathoda and Robert Wasmund as co-Chief Executive Officers. Trixy Weiss, the company’s founder and former CEO, will remain co-Chair of the company’s board of directors.
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“As the founder of Genesis Capital, I am thrilled with the record breaking growth the company has experienced to become a market leader. I am excited to announce that we have promoted Rayman Mathoda and Robert Wasmund to be the co-CEO’s of Genesis Capital,” said Weiss.
Robert Wasmund joined the company in 2012 as head of loan originations and is a member of the company’s Board of Directors. Under Wasmund’s leadership, Genesis became an industry leader originating over $1 billion in loans with strong investor returns and no losses since 2014. “It has been a privilege to work with our institutional partners to help build the leading value-add capital partner for the nation’s top residential real estate investors. Our responsive, flexible and reliable personal service empowers our clients to seize opportunities and grow their businesses while delivering excellent risk adjusted returns for our investors,” said Wasmund.
Rayman Mathoda joined Genesis Capital’s management team and Board of Directors in late 2014, bringing to the company an excellent industry track record spanning the mortgage finance, real estate, and affordable housing sectors. “Our clients are driving the creation of high quality housing across the home affordability spectrum by upgrading and adding to America’s aged housing stock. I love coming to work every day to help the Genesis team create an enduring national specialty mortgage finance business and platform that have never before been created in the USA,” said Mathoda.
Prior to joining Genesis, Mr. Wasmund served as executive vice president of acquisitions and originations at Anchor Loans. During his 15+ year career in real estate investments and lending, Mr. Wasmund has developed deep expertise in originating and structuring real estate deals in all parts of the real estate cycle. Ms. Mathoda was formerly President of Oversite Data Services, a legal big data start-up, Chief Revenue Officer of ALAW, a leading mortgage default services law firm, Chief Administrative Officer at one of the nation’s largest independent mortgage lenders, and co-leader of the west coast health care practice at McKinsey and Company.
Genesis Capital is a high growth specialty commercial lender focused on residential real estate markets - we provide financing for highly qualified and experienced real estate operators who fix and flip homes and apartment buildings. Genesis Capital is backed by Oaktree Capital Management, one of the world's premier money managers focused on lending and real estate markets. Privately held, Genesis Capital is headquartered in Los Angeles, CA. Visit Genesis Capital at www.genesiscapital.com.