Finance of America Commercial
Information by Research TrustFinance
Finance of America Commercial LLC was the commercial lending division of the publicly-traded parent company, Finance of America Companies Inc. (NYSE: FOA). The company specialized in providing asset-based loans for real estate investors across the United States, with a product suite that included fix-and-flip loans, new construction financing, and long-term rental property loans. As part of a strategic corporate restructuring to improve profitability, the parent company announced in late 2022 that it would exit its forward mortgage origination business, which included the closure of the Finance of America Commercial channel to new business, effective December 31, 2022. The entity and website remain for servicing existing loans.
United States
Industry
- InvestmentPRIMARY
- Other Service
Financial