Wes Edens and Fortress Investment Group Shines in the Subprime Financing Sector

Wes Robert Edens is currently the co-chief executive officer of the Fortress Investment Group. He also serves as the firm’s private equity chief investment officer. The 56-year old is a co-founder of the investment group where he is also a co-chairman and principal.

Fortress Credit Corporation specializes in the provision of customized financing solutions to the real estate, corporate, and asset-based companies. It is involved in the origination and structuring of financing solutions. Its financial solutions include flexible acquisition loans for opportunistic investors, last out secured financing for firms and bridge loans. The company was incorporated in 2003 and has its headquarters in New York.

Wes Edens’ background

Wes Edens holds a Bachelor’s degree in Science in Finance and Business Administration acquired from Oregon State University after graduating in 1984. Wes has extensive experience in the financial sector, especially the banking and investment segments. He has served in various capacities in different organizations in his career, which extends to over two decades. Edens once served as a director at Pinnacle Holding Inc. before joining Capstead Mortgage Corp from 1999 to 2003. Wes later served as a director at Crown Castle Investment Corp before moving in as a director at Fortress Crown Castle. He has also served as a director in Rail America Inc., and New Senior Investment Group Inc.

Besides his position at Fortress Investment Group, LLC, Wes Edens is a trustee with U.S Ski and Snowboard Team Foundation. Also, he serves as the CEO and chairman of Newcastle Investment Holdings LLC. He is also the chairman of the board in different firms including Mapeley Limited, Drive Shack Inc., Florida East Coast Holdings Corp, and New Senior Investment Group Inc.

Wes Edens continues to be a lead investor and consultant in various investment groups across the United States. He is at the core of the rapid investment growth and the rise in net worth at Fortress Investment and Fortress Credit Corporation. Wall Street Journal recently gave him the title “New King of Subprime Lending” after the purchase of Springfield Financial Services, which holds over $3.5 billion in assets. Fortress Investment Group has also purchased another leading subprime mortgage lender called Centex Home Equity Company, LLC.

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