Korth Direct Mortgage announces CEO reshuffle

Executive has been acting CEO for a couple of years now

Korth Direct Mortgage announces CEO reshuffle

Korth Direct Mortgage (KDM) has announced that company CEO James Korth will step down from his position and that Holly MacDonald-Korth, president and chief financial officer, will take on the role.

Korth has led the commercial real estate finance firm since 2016. He co-founded KDM with MacDonald-Korth and Danny Llorente, chief lending officer. According to the company’s Press release, Korth will remain chairman of the board and managing director of J. W. Korth & Company.

McDonald-Korth (pictured) has served as president and CFO of the firm since 2017. Prior to that, she was managing director and chief financial officer of J. W. Korth & Company for 11 years. McDonald-Korth has also worked as senior vice president at Overstock.com and as a financial systems analyst on the board of governors of the Federal Reserve in Washington, D.C., early in her career.

“Holly MacDonald-Korth has shown herself to be a strong, innovative, compassionate, and responsive leader for KDM,” Korth said. “Holly has essentially been acting CEO for a couple of years now, and I am confident that with her at the helm, KDM will continue on its upward trajectory.”

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“It has been the great honor of my life to work with my father and to be a part of this team of hard-working, dedicated, and passionate professionals who work tirelessly to help commercial real estate owners and borrowers achieve their business goals while simultaneously bringing value to our investors. I look forward to continuing that legacy for years to come,” said MacDonald-Korth.

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