Private real estate lender Arixa Capital has hired its first chief credit officer, as it surpasses $4bn (£3.2bn) in cumulative loan originations.
Jonathan Fox joins the firm with more than two decades of experience in credit risk management and underwriting in real estate finance, including prominent roles at First Republic Bank, JPMorgan Chase, and Citigroup.
“As Arixa surpasses the $4bn mark, we’re profoundly grateful for our many longstanding clients who have trusted us as their preferred source for short-term financing,” said managing director Gregory Hebner.
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“With the significant uptick in demand for new loans, we’re focused on aggressively expanding our capital base to support our growing clientele across California, Arizona, and other new strategic markets. We’ve carefully constructed a leading investment platform that empowers our borrowers to achieve profitable investment outcomes in residential real estate with loans that are also attractive to our base of investors.”
Arixa works with real estate investors, developers, and builders specialising in single family and multifamily investment projects in supply-constrained urban markets.
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“We’ve assembled a team that is built for substantial growth, and Jonathan will play a pivotal role in scaling our credit management processes while upholding our rigorous underwriting standards as we expand our lending platform,” said managing director Seth Davis.
Fox added: “I’m excited to join the Arixa Capital team and build on their legacy of strong credit quality combined with a robust service offering that sophisticated real estate investors expect from an institutional private lender.”
Arixa Capital was founded in 2006 and provides senior secured, short-term loans to professional real estate investors, developers, and builders to finance the acquisition, renovation, and/or construction of investment properties. The firm services more than $1.2bn of loans as of 31 March 2024.
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