NEW YORK, April 6, 2022 /PRNewswire/ — Axylyum Charter, the parent company of AXY Wrap™, today announced that it has reached an agreement with New York private based lender, Sky Equity LLC.
Effective immediately, all loans in Sky Equity’s private loan portfolio are optioned through Axylyum Charter’s proprietary product, AXY Wrap™. Founded in 2021, Axylyum Charter has taken the mortgage-backed securities market by storm with the introduction of its growth assistance product, which acts as protection for private retail and wholesale lenders. If a borrower defaults, Axylyum Charter acquires the distressed asset from the lender at 100% of the original price.
“I am extremely proud to have the opportunity to work with Sky Equity and their management team. Their business structure and impressive team are well known throughout the industry and have the opportunity to help to their growth is truly an honor.We first met with Sky Equity and Allen Esses through our relationship with the National Private Lenders Association. The NPLA is one of the most established and notable organizations in the private lending world and we are grateful for their continued support,” said Serge PetroffCEO of Axylyum Charter.
Sky Equity was established in 2008 by Chairman and Fund Manager, Allen Esses. Based at New York City, Sky Equity is a leading private lender and real estate investment firm providing non-owner occupied investment lending for real estate assets across the country. They specialize in short-term home loans for single-family, multi-family, mixed-use, fixed and reversible homes and low-balance commercial assets.
“When established in 2008 as a direct lender, Sky Equity could not have predicted such rapid growth and leadership in the private lending industry. Even with an impending market correction, we are in the best possible position to continue our growth. with AXY Wrap™. The fact that our investors no longer have to worry about borrowers defaulting is a game-changer,” said Allen Esses.
In 2021, Axylyum Charter was recognized by the New York Real Estate Journal as “Company of the Month” and has been featured in many notable publications such as Real Estate Weekly, National Mortgage News, Mortgage Banker Magazine and Globe Street.
ABOUT THE AXYLYUM CHARTER:
Axylyum Charter has disrupted the commercial lending space with its growth support product, AXY Wrap™. Specifically designed for private lenders, AXY Wrap™ supports portfolio expansion by removing the risk of default.
For more information on AXY Wrap™, visit www.axylyum.com.
ABOUT SKY EQUITY LLC:
Based at New York, New York, Sky Equity is a national private lender and real estate investment company that provides creative financing solutions to borrowers, while consistently delivering healthy returns to investors. They are known for their convenient boutique service, efficient loan processing, careful underwriting, and in-depth knowledge of market conditions.
For more information please contact Allen Esses at 212-239-5242 or visit www.skyequity.com