RALEIGH, N.C.--(BUSINESS WIRE)--CrediVia, a marketplace driving smarter decisions and real relationships in hospitality financing, welcomes Michael J. Richardson as chief commercial officer. With nearly two decades of experience in commercial real estate information, serving the nation's largest financial institutions, Richardson will lead the maturation strategy of CrediVia’s expanding platform.
A successful veteran of early stage businesses, Richardson comes to CrediVia after more than 15 years at Reis, where he worked directly with all major lenders in the U.S. commercial real estate market and helped build one of the most trusted brands in U.S. commercial real estate. Under Richardson’s sales leadership, revenues at Reis grew tenfold, leading to a terminal valuation of $278 million upon acquisition by Moody’s Corporation in October 2018.
“Michael is well known as an expert in commercial real estate finance,” said Anuj Mittal, CEO and co-founder of CrediVia. “As we continue building out an intelligent marketplace to reinvent the CRE financing experience, Michael is uniquely positioned as a trusted advisor by lenders throughout the nation to help bring them together with borrowers for long-term, mutually beneficial relationships.”
“I am excited to join a team that is committed to having a positive impact on lenders and borrowers,” added Richardson. “The market is hungry for the efficiencies that CrediVia now offers. By compressing financing timelines, CrediVia will have a favorable effect on deal flow and lifestyles throughout our industry.”
CrediVia is a cloud-based platform that directly connects hospitality lenders and borrowers, allowing them to have the greatest potential for mutual success. The online marketplace keeps the application process simple, fast and transparent without sacrificing the loan’s integrity. CrediVia becomes borrowers’ return source for new financing, and lenders’ reliable partner for loan relationships right for their portfolio. Visit CrediVia.com or follow @CrediVia for more information.