Korth Direct Mortgage Inc., (“KDM”), a national commercial real estate finance firm that offers fixed-rate loans up to $100 million for multifamily, office, retail, mixed-use, self-storage, industrial, and other select properties, yesterday announced that the current CEO James Korth will be stepping down from his role and that Holly MacDonald-Korth, KDM’s current President and CFO, will be assuming the role of Chief Executive Officer.
James W. Korth, former CEO and founder of KDM, started J. W. Korth & Company Limited Partnership in 1982. In 2016, he founded KDM along with MacDonald-Korth and Danny Llorente, KDM’s Chief Lending Officer. Korth has led KDM through the growth that the company enjoys today and exits the chief executive role having left a lasting impact on all those he has worked with. He will remain KDM’s Chairman of the Board, with the title of Chairman and Founder, as well as Managing Director of J. W. Korth & Company.
“Holly MacDonald-Korth has shown herself to be a strong, innovative, compassionate, and responsive leader for KDM,” said Korth. “Holly has essentially been acting CEO for a couple of years now and I am confident that with her at the helm, KDM will continue on its upward trajectory.”
Holly MacDonald-Korth, KDM’s new CEO, stated: “It has been the great honour of my life to work with my father, and to be a part of this team of hard-working, dedicated, and passionate professionals who work tirelessly to help commercial real estate owners and borrowers achieve their business goals, while simultaneously bringing value to our investors. I look forward to continuing that legacy for years to come.”
MacDonald-Korth has been the President and CFO of KDM since 2017. Since 2006, she has served as the Managing Director and Chief Financial Officer of J. W. Korth & Company, where she oversees all operations, finance, and business development for the firm. Prior to joining J. W. Korth, she was Senior Vice President at Overstock.com and a financial systems analyst at the Board of Governors of the Federal Reserve in Washington, D.C.
She received a Bachelor of Business Administration with Honors in Finance from the University of Miami and holds Series 7, 24, 27, and 66 licenses.
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