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Sharestates Appoints President and Announces Promotions to Strengthen Senior Management Team

Sharestates Appoints President and Announces Promotions to Strengthen Senior Management Team | Fintech Finance

Sharestates, a leading real estate financial technology (fintech) platform designed to accelerate the redevelopment and rehabilitation of communities, announced several promotions to strengthen its senior management team.

The promotions include:

  • Stephan Leccese to President & Chief Operating Officer
  • Billie Adams to SVP Sales & Marketing
  • Stephanie Balducci to VP Lending Operations
  • Jason Redding to Sr. Director Loan Origination

These recent promotions follow a strong history of recognizing internal talent for advancement and come after a broader expansion of the executive team and Board of Directors over the past year, which established oversight and added experienced leadership in key areas of the Company.

Since its founding in 2013 Sharestates has pioneered the private lending industry guided by Co-Founder and Chief Executive Officer, Allen Shayanfekr. “The last two years of growth and rebuilding have been the most rewarding in the Company’s history,” said Allen.

Allen added, “When Radni, Ray, and I co-founded Sharestates, I was only 24 years old. As a young CEO, I didn’t fully appreciate how an organization could benefit from having the right leadership team complemented by sound organizational design. At that time, I focused my attention on making sure we would establish Sharestates as a leader in the private lending market. Looking back, welcoming the advice, guidance, and experience of others could have put us on a path to even greater success, with fewer bumps along the way. I appreciate Stephan’s ability to help the Company define and then navigate this new growth path. His ability to attract and develop a strong and competent leadership team has provided the needed structure for Sharestates to accomplish its long-term goals.”

Raymond Y. Davoodi, Co-Founder & Chief Sales Officer, added, “As a co-founder and leader in the loan origination effort for Sharestates, I am incredibly pleased about the expansion of our leadership team and the new growth strategy. The Company’s plan has its roots in a successful relationship-focused regional lending model and a family-focused culture. I am excited to not only see this expansion underway, but the respect for, and continuance of our family-focused culture as we expand nationally.”

Stephan Leccese, President & Chief Operating Officer, expanded, “The past two years have been a whirlwind of activity and excitement. I am humbled to see so many competent and accomplished executives believing in and joining Sharestates to help execute our growth strategy. I am confident in their respective abilities and appreciate the continued support from the co-founders as the business continues to transition. I am excited about the next phase of growth. With our expanded line of credit and a renewed focus on operational excellence, I believe Sharestates is positioned to continue its success.”

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