Arena Investors loaned the Eugene-based real estate firm $24 million in credit.
Coupled with $16 million in Gorilla’s own funding, the firm will have $40 million to expand in 23 states where it now finds, buys, renovates and sells homes. Gorilla also wants to expand into Alabama, Missouri, Oklahoma, Wyoming and, possibly, Montana, Gorilla CEO John Helmick said.
…Gorilla, founded in 2006, will continue to be majority owned by Oregonians, Helmick said.
(READ MORE: Register Guard)
Read more about Gorilla Capital in the OB brand story, “Fix and Flip Goes Bananas.”
