{"id":50590,"date":"2026-05-21T18:19:24","date_gmt":"2026-05-21T15:19:24","guid":{"rendered":"https:\/\/mk.gen.tr\/nexa-lending-enters-investment-phased-acquisition-with-copper-ridge-ventures\/"},"modified":"2026-05-21T18:19:24","modified_gmt":"2026-05-21T15:19:24","slug":"nexa-lending-enters-investment-phased-acquisition-with-copper-ridge-ventures","status":"publish","type":"post","link":"https:\/\/mk.gen.tr\/en\/nexa-lending-enters-investment-phased-acquisition-with-copper-ridge-ventures\/","title":{"rendered":"NEXA Lending enters investment, phased acquisition with Copper Ridge Ventures"},"content":{"rendered":"

NEXA Lending<\/strong> announced Thursday that it has entered into a strategic investment and phased acquisition agreement with Copper Ridge Ventures<\/strong>, cementing a growth and scaling strategy for both companies.<\/p>\n

Copper Ridge is a mortgage joint venture holding company founded by Tim Owens, a longtime industry executive with past tenures at loanDepot<\/strong>, CrossCountry Mortgage<\/strong> and Cardinal Financial<\/strong>.<\/p>\n

NEXA<\/a>\u2018s plans to pursue joint ventures were teased to HousingWire<\/strong> in February when CEO Mike Kortas shared\u00a0that he was in the process of\u00a0acquiring several shell companies<\/a>\u00a0to build JVs.<\/p>\n

The partnership announced this week is aimed at expanding NEXA\u2019s joint venture strategy by combining Copper Ridge Ventures\u2019 relationships with mortgage loan officers and real estate professionals with NEXA\u2019s operational and technology platform<\/a>.<\/p>\n

Under the agreement, NEXA said it will provide support across marketing, information technology, licensing, loan processing, human resources, compliance and operational infrastructure. In turn, Copper Ridge Ventures and its affiliates will integrate NEXA\u2019s systems and strategic partnerships as part of the arrangement.<\/p>\n

The move marks another growth initiative since NEXA\u2019s rebrand in October 2025<\/a> from NEXA Mortgage to NEXA Lending. Following the rebrand, the Arizona-based company overhauled its leadership team, tapping\u00a0Todd Bitter<\/a>\u00a0as national director of sales and\u00a0Von Maharaj<\/a>\u00a0as chief financial officer.<\/p>\n

NEXA also promoted\u00a0Rana Mortensen<\/a>\u00a0to chief administrative officer, hired\u00a0Tammy Richards<\/a>\u00a0as chief strategy officer, named\u00a0Jason DuPont<\/a>\u00a0as chief operating officer and\u00a0added\u00a0Geri Farr<\/a>\u00a0as chief growth officer.<\/p>\n

The company also launched new artificial intelligence tools<\/a>\u00a0within its Agenetic AI platform in January. The next month, Kortas also acquired for-sale-by-owner<\/a>\u00a0platform FSBO.com<\/strong>, telling HousingWire that while\u00a0NEXA\u00a0does not own FSBO.com, the platform will benefit NEXA due to lead discounts and lead aggregation.<\/p>\n

\u201cThis is exactly the kind of strategic move NEXA is built for,\u201d Kortas said in a statement regarding the agreement with Copper Ridge Ventures. \u201cWe have the platform, the technology, the infrastructure, and the people to help strong operators scale faster.\u201d<\/p>\n

Farr, who now serves as NEXA\u2019s president, said the move marks an investment in the \u201cright people\u201d and operators to bring value to NEXA\u2019s originators.<\/p>\n

\u201cNEXA is uniquely positioned to be an ideal partner for Copper Ridge Ventures,\u201d Farr said. \u201cOur asset-light, technology-enabled operating model, AI-forward approach, and deep experience in rapid joint venture formation will help Tim Owens and his team accelerate CRV\u2019s growth and drive operational efficiencies.\u201d<\/p>\n

Owens called the agreement \u201ca significant milestone\u201d for the company.<\/p>\n

\u201cBy leveraging NEXA\u2019s centralized technology, compliance<\/a>, and operational resources, CRV is well-positioned to expand our joint venture footprint and enhance the support we provide to our partners and clients,\u201d he added.<\/p>\n

NEXA said the transaction is part of its broader strategy to partner with mortgage industry operators to expand origination, marketing and joint venture formation capabilities.<\/p>\n

Columbia West Capital <\/strong>served as financial adviser to NEXA on the transaction.<\/p>","protected":false},"excerpt":{"rendered":"

NEXA Lending announced Thursday that it has entered into a strategic investment and phased acquisition agreement with Copper Ridge Ventures, cementing a growth and scaling strategy for both companies. Copper Ridge is a mortgage joint venture holding company founded by Tim Owens, a longtime industry executive with past tenures at loanDepot, CrossCountry Mortgage and Cardinal…<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/mk.gen.tr\/en\/wp-json\/wp\/v2\/posts\/50590"}],"collection":[{"href":"https:\/\/mk.gen.tr\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mk.gen.tr\/en\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mk.gen.tr\/en\/wp-json\/wp\/v2\/comments?post=50590"}],"version-history":[{"count":0,"href":"https:\/\/mk.gen.tr\/en\/wp-json\/wp\/v2\/posts\/50590\/revisions"}],"wp:attachment":[{"href":"https:\/\/mk.gen.tr\/en\/wp-json\/wp\/v2\/media?parent=50590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mk.gen.tr\/en\/wp-json\/wp\/v2\/categories?post=50590"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mk.gen.tr\/en\/wp-json\/wp\/v2\/tags?post=50590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}