Laguna Hills, Calif., Feb 24 — Harvest Commercial Capital, LLC (HCC), a leading nationwide originator of owner-occupied small business real estate loans, today announced its merger with Crossroads Impact Corp (CRSS). This strategic merger combines HCC’s commercial lending expertise with Crossroads’ residential lending success through its operating certified Community Development Financial Institution (CDFI) subsidiary. The merger significantly expands their collective ability to provide capital to small businesses in low- to moderate-income communities across the country. The companies will continue to operate under their respective brands.
“This is a natural next step in our evolution,” said Adam Seery, CEO of HCC. “Our focus has always been on getting capital to underserved markets, and this merger allows us to double down on that mission. We’re excited to continue doing our part to fuel small businesses across America.”
Eric Donnelly, CEO of Crossroads Impact Corp, echoed the sentiment. “We’re bringing together two incredible teams with deep expertise in both residential and owner-user commercial finance,” said Donnelly. “We look forward to working with the SBA and CDFI Fund to amplify our shared economic development initiatives. Further, this transaction allows us to expand our innovative CRA lending and investment solutions for our bank partners, which has an enormous, positive impact on the communities we’re fortunate to serve.”