Irvine, California – November 11, 2019 – As of November 5, 2019 ownership of the American Association of Private Lenders (AAPL) was transferred to a new majority owner, Eddie Wilson. Anthony Geraci of Geraci LLP retains a minority ownership stake.
Wilson joined the association as chairman and CEO in 2015 and will continue to serve in that capacity. Under his and managing director Linda Hyde’s leadership, AAPL has grown to become the private lending industry’s largest association membership organization, producing the nation’s most highly-attended private lending conference, and providing members with much-needed federal and state legislative advocacy, ongoing education and professional development, and code of ethics.
A founding member of AAPL, Anthony Geraci has purchased a larger minority ownership stake in the association to lend a strong voice to help further the goals of the association.
“10 years ago, private lending was a very fragmented industry,” said Geraci. “We decided to found what is now AAPL to lobby Washington so that we could have a voice. Having that voice today is ever more important. I am thrilled to partner with Eddie and Linda to take the association to new heights. My part ownership will allow AAPL to open up even more doors and further shape the private lending industry.”
AAPL announced its new ownership structure at the organization’s 10th Annual Conference in Las Vegas, Nev., in conjunction with revealing its launch of the private lending industry’s first c-suite private lending market and industry survey, online certification program, and all-new private lender resource guide.
About the American Association of Private Lenders
American Association of Private Lenders (AAPL) is the first national organization representing the private real estate and peer-to-peer lending industry. Its three core principles – Ethics, Education & Advocacy – provide a foundation for a new generation of real estate capital. AAPL serves as a catalyst for industry growth by fostering awareness, promoting best practices and encouraging a standardized code of ethics for its membership. More information can be found at www.aaplonline.com.