To provide Best In Class service in an efficient, timely, and professional manner with a highly motivated, experienced team in an employee-friendly environment. Driven to be recognized as a leader in our industry and respected by our clients, business partners, and competition.
– Mark Presto
The First Equity “brand” began in 2004 with the creation of First Equity Mortgage. Its purpose was to provide borrowers with conventional loans for owner-occupied properties.
In 2008, Christian Pepe, Owner/Manager of First Equity Mortgage partnered with, financial executive, John Child to create First Equity Capital, LLC. First Equity Capital was established to invest in non-performing residential whole loans (NPLs) during the subprime mortgage crisis. To date, John and Christian have completed over 50 real estate investment projects through First Equity Capital and various other entities. These projects have scopes of work ranging from light rehab to ground-up construction.
After operating in the real estate and finance industries for over 10 years as lenders and investors, John and Christian identified an opportunity to enter the construction space. In 2015, they created First Equity Homes, LLC. First Equity Homes is a fully insured, licensed, and registered general contractor and new home builder.
In 2016 First Equity Funding, LP was established to provide private money loans for non-owner-occupied investment properties. First Equity Funding specializes in lending to residential real estate investors that are either buying to fix and sell or buying to hold and rent. The principal’s extensive experience in lending, loan workouts, real estate investing, and residential home construction gives them a 360-degree view of the real estate investment industry and allows them to deliver top-tier service to their borrowers.
Christian Pepe began what would eventually become First Equity Funding in 2004 with his conventional lending company, First Equity Mortgage. Christian has an extensive background in all aspects of residential and commercial mortgage lending and has a comprehensive understanding of underwriting guidelines including FHA, VA, and Fannie Mae with a specialized focus in renovation and construction lending.
VP of Lending
Anthony Palmiotto is Vice President of Lending with First Equity Funding. He specializes in the origination of investment real estate loans for fix & flips, rental properties, and new construction for single and multifamily properties. He is also a Managing Partner of Odyssey Real Estate Group, an investment real estate firm that owns and manages multifamily properties. Lastly, he maintains an active real estate license with a focus on investment sales of large multifamily properties throughout Philadelphia and New Jersey. Anthony is a graduate of The College of New Jersey where he played baseball and graduated with a degree in Business Administration.
VP of Sales