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Eddie Prosser, Former FDIC Account Officer, Joins AssetAvenue As Senior Vice President of Real Estate InvestmentsLOS ANGELES --(Business Wire)-- AssetAvenue, a leading online peer-to-peer lending platform to invest and borrow money in commercial real estate, announced today that commercial real estate executive Eddie Prosser is joining the company as Senior Vice President of Real Estate Investments. In this role, Prosser will be responsible for expanding key lender and broker partnerships as well as utilizing his acquisition and financing experience to build upon the company's technology platform. "Eddie is one of the most sophisticated commercial real estate executives in the field and has a passion to improve the process for investors using technology," said David Manshoory, founder and CEO of AssetAvenue. "His leadership will guide the growth of our proprietary underwriting platform and further develop our strategic industry alliances and partners." Prosser brings more than a decade of institutional real estate experience to AssetAvenue and has been responsible for the growth and management of real estate pipelines that represent over $1.5 billion in acquisitions, dispositions, financings, and management. Most recently, he held a senior position at Legacy Partners where he was responsible for the acquisition and development management of multifamily and mixed-use opportunities. Prior to Legacy, Prosser served at the Federal Deposit Insurance Corporation (FDIC) where he managed and disposed of real estate assets from failed institutions, participated in bank closures, and oversaw mass marketing events. Prosser graduated from te Marshall School of Business at the University of Southern California and holds a real estate broker's license in California. "I am excited to be part of AssetAvenue and believe there is much we can do to make this space more efficient," said Prosser. "Our team is pouring our life's work into redefining the commercial real estate lending space and I am looking forward to leveraging my skill set to take us to the next level." AssetAvenue is led by CEO David Manshoory, an executive with more than 10 years of proven success in start-ups and commercial real estate investing. The company's leadership team includes Adam Chapnick, Chief Strategy Officer, a former principal at Indiegogo and a globally recognized thought-leader on crowdfunding; Kevin Arrabaca, President of Real Estate Investments, who previously held management and officer positions at American Capital Realty and Colony Capital, and has underwritten over 3,000 real estate assets; and Chris Ganan, President of Institutional Investments, who has over a decade of real estate experience sourcing and structuring joint ventures and funds with private equity, hedge fund, and high net worth foreign and domestic investors. For more information, please visit: www.assetavenue.com. About AssetAvenue: AssetAvenue is a leading online peer-to-peer lending platform providing accredited and institutional investors the opportunity to invest in fixed income loans secured by commercial real estate, while providing property owners and lenders with access to capital to fund their deals. AssetAvenue partners with lenders and borrowers to source loan investment opportunities up to $10 million and offers these opportunities to qualified investors in amounts as low as $5,000. Family offices and institutional investors can also elect to participate in AssetAvenue's Whole Loan Program. AssetAvenue's best-in-class real estate team utilizes its proprietary analytics model to meticulously vet each loan before presenting the opportunity to its investors/members. Visit AssetAvenue.com to learn more. Follow AssetAvenue on Twitter, Facebook and LinkedIn.
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