B2R Holdings, a portfolio company of a Blackstone Group (LPBX ) , announced today that B2R rebranded itself as Lending.com and said it hoped to extend $10 billion in loans over the next three years.
According to Jason Hogg, the CEO of Lending.com, expects to help facilitate $10 billion in loans in the next three years.
Lending.com was founded with funds managed by Blackstone Tactical Opportunities.
Blackstone, is the world’s biggest private-equity firm with more than $330 billion under management.
The Lending.com platform has been in development for the past year and initially focused on disrupting residential rental finance through the platform’s anchor tenants, B2R Finance and Dwell Finance.
According to WSJ.com, “B2R specialized in offering specialty real-estate loans. In the year after its 2013 debut, the company extended $1 billion in loans that helped landlords finance investment properties.”
