Genesis Capital, LLC

Genesis Capital, LLC is a financial services firm that specializes in providing tailored business purpose loans for professional real estate investors, focusing on diverse property types across the United States. Founded in 2007, Genesis Capital, LLC is headquartered in Sherman Oaks, US. The firm focuses on lending solutions for real estate investors. In October 2021, New Residential Investment Corp.

agreed to acquire Genesis Capital, LLC from Goldman Sachs Asset Management, reflecting a strategic pivot towards expanding their product offerings and market reach. The company has completed 3 deals since its inception, with the most recent deal occurring on 2021-10-11. The CEO of the company is Robert Wasmund, and the founder is Jonathan Goldman, who has previously engaged in various entrepreneurial ventures. Genesis Capital specializes in providing a comprehensive suite of business purpose loans tailored specifically for professional real estate investors.

Their core offerings encompass flexible loan programs that cater to various property types, including single-family homes, multifamily units, mixed-use developments, and rental properties. These products are designed to address the specific financing needs of real estate professionals, facilitating projects from the acquisition of properties to funding construction and renovation efforts. By aligning their services with the requirements of their clientele, Genesis Capital aims to deliver reliable and efficient financing solutions. The company serves a diverse client base across multiple geographical markets, including major metropolitan areas known for robust real estate activity, focusing primarily on the United States.

Genesis Capital generates revenue through the origination of business purpose loans, structured to meet the unique demands of professional real estate investors. The firm's transaction model typically involves direct engagement with clients who seek financing for their real estate ventures, with the potential for flexible terms based on specific project requirements. Revenue is derived from interest payments on these loans, alongside potential fees associated with loan origination and processing. While specific pricing plans are not disclosed, the structure of transactions is designed to ensure that clients receive tailored financing solutions that align with their investment goals.

This approach solidifies Genesis Capital's position in the market and fosters long-term partnerships with their client base. Following its acquisition by New Residential Investment Corp. in October 2021, Genesis Capital, LLC is poised to expand its product set and enter new markets, leveraging the financial services and risk management expertise of its parent company. Specific targets for geographic expansion have not been publicly outlined, but the firm is focused on broadening its client base in regions with growing real estate activity.

The recent acquisition is expected to support these initiatives by enhancing their operational capabilities and facilitating new product offerings.