LendingStandard Closes $6.7M Equity Funding

The round was led by Naples Technology Ventures. Frank Strauss, Advisor at NTV, will join the LendingStandard board alongside Keith Molzer, LendingStandard Board Chairman and Founding Managing Partner at Flyover Capital. The company intends to use the funds to expand its market share. Led by Andy Kallenbach, CEO, LendingStandard offers commercial real estate (CRE) lenders a cloud-based platform to manage the loan process across all their products. The company’s platform has also expanded to cover a larger spectrum of loan types, from Fannie Mae and Freddie Mac loans to balance sheet lending.