SOURCE: Genesis Capital

Genesis Capital

April 01, 2015 10:00 ET

Genesis Capital and Genesis Auctions Name Rayman Mathoda President

LOS ANGELES, CA--(Marketwired - Apr 1, 2015) - Genesis Capital, LLC, a specialty private lender providing bridge loans to professional investors active in distressed single-family residential real estate, and sister company Genesis Auctions, an online private real estate auction platform, today announced that industry veteran Rayman Mathoda has joined both firms as President. Bringing a substantial background in real estate finance, housing policy and business growth to the Genesis companies, Mathoda will play an integral role alongside the existing executive leadership in the expansion of both companies.

"Rayman joins Genesis at an important junction in our business," said Trixy Weiss, founder and chief executive of Genesis Capital and Genesis Auctions. "With both our lending and auction platforms expanding rapidly, Rayman is poised to leverage her deep real estate and mortgage lending experience and stellar record of business success to lead our companies into new avenues of growth."

Genesis Capital, which recently announced it had achieved record loan origination growth in 2014, is positioned to significantly expand its team, geographic footprint, and borrower base again in 2015. Sister company, Genesis Auctions, recently announced its plans to join forces with Hudson & Marshall LLC, one of the nation's leading real estate auction platforms, to create a technology driven provider of comprehensive real estate auction solutions. 

"I am excited to join the talented team at Genesis and look forward to helping both companies continue to grow and power the US housing recovery," said Mathoda. Mathoda will spearhead Genesis' efforts to expand its lending for professional real estate investors.

"By connecting real estate purchase opportunities and leverage directly with a vast pool of interested buyers, we are able to create a win-win result whereby loan investors and servicers can leverage our platforms to sell foreclosed properties more quickly and at higher prices, while the buyers of those properties can make more money by applying leverage," Mathoda continued. "Technology is changing opportunities and business models in the real estate and finance industries today, and connecting Genesis' years of experience and deep industry relationships with the latest data and technology presents exciting avenues of growth for us moving forward."

Prior to joining Genesis, Mathoda led Oversite Data Services, an innovative, high-growth lending and legal sector start-up firm, as president and served ALAW, a leading default services law firm, as chief revenue officer. She also recently served as managing director for HausAngeles Management Consulting, where she advised federal, state and local policymakers at public and private organizations on mortgage, real estate, and affordable housing policies and programs including Treasury's Making Home Affordable initiatives HAMP, HAFA and HARP. She has also served as chief administrative officer for the country's second largest independent mortgage lender.

Mathoda obtained her A.B. from Princeton University and her M.B.A. from the Kellogg Graduate School of Management at Northwestern University.

Funds managed by Genesis Capital provide short-term commercial bridge loans to professional investors active in the distressed real estate marketplace. The firm's investor borrowers are well capitalized with a proven track record and expertise in the purchase, renovation and sale of single-family assets. The firm has been an active lender since 2007.

The company operates synergistically with sister organization, Genesis Auctions, an Internet-based disposition platform providing distressed single-family home product for sale and investment. The Genesis Auctions platform enjoys wide access to both real-estate owned and non-performing assets from banks, servicers and private sellers. Genesis Auctions has completed asset dispositions across all 50 states and currently has thousands of fully vetted national and local/regional buyers and borrowers registered on the platform.

About The Genesis Family of Companies:

Genesis Capital is a specialty, private lender providing commercial bridge debt to professional investors active in distressed residential real estate. Genesis Auctions provides an online liquidation platform for the sale of real-estate owned and non-performing residential real estate assets. A privately held company, Genesis Capital and Genesis Auctions are headquartered in Los Angeles. Visit the company online at www.genesiscapital.com or www.genesisauctions.com.

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