Bisnow / Jon Banister
Bo Menkiti, CEO of Menkiti Group, at a Bisnow 2018 event
The Menkiti Group partners with a national mortgage lender to launch a new company.
The DC-based real estate company announcement On Monday, it partners with NewRez LLC to launch a joint venture mortgage company, Mission Mortgage LLC.
Mission Mortgage will be headquartered in DC and will be led by 25-year mortgage industry veteran Tom O’Keefe. This is the 19th joint venture partnership that NewRez has launched as part of its Shelter Mortgage Co. LLC portfolio.
The company will focus on residential mortgage loans to customers in DC, Maryland and Virginia. For every loan she gives, she plans to donate to a charitable cause, with donations focused on housing, education, youth and entrepreneurship.
The Menkiti Group, founded in 2004, has business lines in residential and commercial development, residential sales and commercial brokerage. The company describes itself as a “double bottom line” that emphasizes social impact in addition to financial success.
Last year, Menkiti launched a $ 100 million opportunity zone fund in partnership with impact investing organization LISC. The company innovated in January on the first phase of his mixed-use MLK Gateway project in Anacostia, and in July, he landed a DC agency to anchor the second phase.
“We are confident that this partnership will help us reach more borrowers, facilitate better access to homeownership, stimulate wealth creation for those we serve and strengthen our ability to fulfill our mission to transform lives,” careers and communities through real estate, ”said Menkiti Group CEO. Bo Menkiti said in a statement.