RSS FeedDANVILLE, Calif., Sept. 9, 2025 (SEND2PRESS NEWSWIRE) — A new mortgage income fund has been launched with a target of $50 million in capital commitments to address California's unique housing and lending gap. Central Mortgage Income Fund (Central) has been founded by Bay Area property veterans Dan and Ben Dianda to invest in short-term, real estate-backed loans across California.
With a significant undersupply in housing (80,000 houses built annually, 180,000 needed), ageing properties (average home is nearly 50 years old), and the growth of private lending (CA lending market valued at $16.6B, growing 25-31% annually), Central aims to fuel property flippers and developers with easy access to the capital needed to meet demand.
"The convergence of enduring hou...