LOS ANGELES–Genesis Capital, LLC, an investment manager for funds focused on commercial loans in the residential real estate markets, plans to expand its business operation following a direct investment from Oaktree Capital Management.
Genesis provides short-term loans to qualified real estate investors active in the distressed, single-family home marketplace. An affiliate of the Oaktree funds has also committed up to $100 million to a new vehicle formed by Genesis Capital to invest in loans made to these investors. Genesis Capital is led by Trixy Weiss, president and CEO; Robert Wasmund,senior managing director; and Andrew Smith, senior managing director.
“Forging a relationship with Oaktree is an integral step in the growth of Genesis Capital,” said Weiss. “The corporate investment in Genesis Capital will be utilized to expand our operations, talent and geographic footprint. The fund investment will help us meet heightened demand for residential real estate financing.”
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
