Korth Direct Mortgage (KDM) announced its CEO

 

Korth Direct Mortgage (KDM) announced its CEO, Holly MacDonald-Korth, has acquired 1.1M shares, making her the majority stakeholder in the company.  KDM is a commercial real estate finance company that offers fixed-rate loans of up to $100M.  The transaction makes the commercial real estate lender a majority women-owned enterprise, with MacDonald-Korth and Pam Hipp owning a combined 53% stake in the company,  MacDonald-Korth was appointed CEO last month following a decision by then-incumbent James Korth, her father, to step down from the position.  James Korth continues to serve as KDM's chairman of the board and managing director of J.W. Korth & Company.