Commerce Home Mortgage Raises $50,000,000 of Preferred Equity to Expand Access to Capital to Minority and Low-Income Americans
Retrieved on:
Monday, October 19, 2020
Residential Building & Real Estate, Banking, Commercial Building & Real Estate, Construction & Property, Professional services, White House, Federal Government, State, Local, Small business, Public policy, Government, Other Construction & Property, Finance, Finance, Money, Ethical banking, Economy, Community development financial institution, Venture capital, Commerce Home Mortgage, LLC, The Capital Corps, LLC
This capital raise supports our mission to address the needs of Black, Latino and historically underserved communities across the country.
Key Points:
- This capital raise supports our mission to address the needs of Black, Latino and historically underserved communities across the country.
- We thank our new partners for their participation in our commitment to bringing greater social equity to many of the communities that we serve.
- Steven Sugarman, Founder of The Capital Corps, LLC the CDFI-certified venture fund that acquired Commerce in 2018 added, Strong capital partners are critical to Commerces ability to expand access to capital to underserved minority and low-income borrowers.
- This Offering is a win-win-win for Commerce, its new capital partners, and underbanked borrowers in need of Commerces critical financial services.