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Stephan Leccese will initially focus on two major initiatives: NPL Swap – a marketplace for non-performing loans; and Investors Loan Servicing – a specialized servicer for business purpose loans.
Overall, rent collections remain strong and well-capitalized investors are expanding portfolios by taking advantage of the historically low interest rate options on new loans.
MacManus will lead the company's expansion along as well as operations of its sales team, driving strategic growth and broadening its origination network.