Serinova Financial Debuts in Arizona Business Journal's 2008 Book of Lists
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Serinova Financial, a Fast Growing Commercial Mortgage Brokerage, Ranks 5th in Its First Appearance in Arizona's Top 25 Commercial Mortgage Brokers List PHOENIX--(Business Wire)-- Serinova Financial, L.L.C., a direct lender for privately financed commercial real estate, is celebrating its first appearance in the Arizona Business Journal's Book of Lists, joining 24 other top-rated, Arizona-based commercial mortgage brokers. With no prior ranking, Serinova Financial saw remarkable growth in 2007. The company expanded its business over 1,000 percent, allowing them to secure the 5th spot on the list. The Book of Lists, published annually by the Phoenix Business Journal, provides readers with a report on top Arizona businesses in more than 255 industry categories and market segments. The Top 25 commercial mortgage brokers are ranked according to adjusted gross revenue and growth. "Seeing our company on the list this year was a proud moment for me," said Corey Schwartz, Managing Director and founder of Serinova Financial. "This is a great honor, but I shouldn't take all the credit. I had the help of a bright and dedicated team; we all contributed to this year's success." The firm has been involved in placing $750,000,000 of transactions in the last couple of years with financings ranging from $100k to $300M. Since being distinguished as one of the top mortgage brokers in Arizona, the company is already seeing the benefits of the recognition. "Less than 24 hours after the publication came out we received several leads from local developers as a result of being listed here," said Sidney Fingerhut, a Principal of the firm. Fingerhut continued, "We can provide these companies with funding for both large and small commercial real estate developments." "At this pace, we hope to see our name on more lists; specifically, the Inc. 500 and the Forbes list of America's Largest Private Companies," said Schwartz humorously. He also added that simply making this particular list has been a big dream of his for some time, and that he'd slept with a copy of the journal under his pillow last night. Mr. Schwartz concluded by saying, "Serinova Financial is positioned to grow dramatically in the coming years. The company has the management, the expertise and, most importantly, the commitment at all levels of the firm to the Arizona real estate market and all of its important challenges and opportunities. The firm will raise its second opportunity fund and continue funding quality transactions throughout the state, filling the void left by banks that are no longer able to lend on real estate." About Serinova Financial, L.L.C. Serinova Financial, L.L.C. is a full-service, commercial mortgage banker that lends its own investment funds as well as those of private investors, public and private equity funds, pension funds and institutions. Utilizing these resources the firm is able to provide financing for most real estate transactions including purchases, refinances and subordinate lending in a matter of days to weeks. The privately held company is headquartered in Phoenix, AZ. WEBSITE: www.serinova.net Serinova Financial, L.L.C., Phoenix Christine R. Schalesky, 602-648-5299 christine@serinova.net Copyright Business Wire 2008
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