LendingHome, one of the nation's largest lenders to real estate investors, today announced a $75 million Series E round and that the company's Board of Directors has appointed Michael Bourque as Chief Executive Officer. Benefit Street Partners, a leading credit-focused alternative asset management firm, led the fundraising round. Bourque will assume day-to-day leadership of the company and will also join LendingHome's Board of Directors. Bourque, a financial markets veteran, has served as LendingHome's Chief Operating Officer and Chief Financial Officer since he joined the company in August 2018. Matt Humphrey, LendingHome's co-founder, has stepped down from his role as Chief Executive Officer and will continue to serve on the Board of Directors. In addition, Richard Byrne, President of Benefit Street Partners, will join the Board of Directors. The funding and executive moves will drive all aspects of the business to sustain an aggressive pace of growth, deliver continued profitability, and accelerate the company's rapidly expanding leadership in the real estate investment market.

LendingHome is now one of the nation's top fix-and-flip lenders with more than $6 billion in loans originated to date. Established in 2013, LendingHome makes it easy for professional and first-time real estate investors to quickly and reliably receive the financing they need for their projects and businesses to thrive. Using a powerful combination of innovative technology and expert advice, LendingHome has added flexibility and simplicity to every step of the borrowing process. For further information, please visit lendinghome.com. NMLS ID #1125207