AUSTIN, Texas, Dec. 13, 2018 (GLOBE NEWSWIRE) -- Streamline Funding, one of the largest and longest-operating hard money lenders in Texas, has named Romney Navarro as Chief Lending Officer overseeing its loan originations division. The move was made as the company shifts its focus to address a quickly-evolving real estate market in the state of Texas.
The real estate investment industry is comprised of businesses and individuals who are either building new homes and developments or purchasing old housing stock, renovating it and selling it for a profit. Due to the attractiveness of real estate investment, the industry has begun to mature with a greater number of entrepreneurs and new lenders entering the sector. Going into 2019, Streamline Funding is changing its strategic approach to the new market landscape.
“We’ve seen an increased interest in real estate from entrepreneurs and, subsequently, hard money lenders over the past five years,” said Jadon Newman, Founder of Streamline Funding. “When we started in 2002, we were one of the only lenders specializing in real estate renovation loans in Texas. That’s no longer the case. Romney has the experience and vision to move us up market and grow the company.”
The strength of the Texas economy has created a shortage of housing in the state, particularly in the major metro areas where job growth has put an enormous strain on existing housing stock and pushed home prices upward. The need for new and refurbished homes to accommodate the steadily growing population has brought an unprecedented number of investors and lenders into the Texas market.
“The key to continue growing the business is to target a new level of investor in a slightly different segment of the market,” said Romney Navarro, Streamline Funding’s new Chief Lending Officer. “Our goal is to increase the total dollar amount of our loan originations by 50 percent in 2019, which has the potential to create $80 million in wealth for our clients. We’re creating new loan products and revamping our processes to address our new target markets in our efforts to achieve this goal.”
Prior to joining Streamline Funding, Romney Navarro was the Chief Marketing Officer for Streamline’s parent company, Noble Capital, a private investment and wealth management firm.
About Streamline Funding
Founded in 2002, Streamline Funding is the leading hard money private lender in Texas. With a focus on single-family residential real estate investment, Streamline has deployed nearly half a billion dollars into the sector to fund more than 1,200 individual development, new construction and renovation projects for investors and entrepreneurs all across the state. For more information, visit: www.streamlinefunding.com.
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