Tech-focused real estate brokerage Radius, flush with $14 million in venture capital raised this past April, has launched a mortgage lending arm in California that it plans to roll out to additional markets sometime next year. The new venture, a mortgage brokerage operation, is focused on the California market to start, where Radius already has a strong presence. The firm, based in San Francisco, plans to refine and demonstrate ‘proof of concept’ for the new mortgage brokerage through the first quarter of 2023, according to Sam Kasle, Radius’ chief revenue officer, before expanding to additional states.
