Korth Direct Mortgage (KDM) has made an announcement regarding the resignation of its CEO, James Korth, and the appointment of Holly MacDonald-Korth, the current president and chief financial officer, as his successor.
Since 2016, Korth has been at the helm of the commercial real estate finance firm. He was one of the co-founders of KDM along with MacDonald-Korth and Danny Llorente, the chief lending officer. As per the official press release from the company, Korth will continue to serve as the chairman of the board and managing director of J. W. Korth & Company.
Since 2017, McDonald-Korth (depicted in the image) has held the positions of president and CFO at the firm. Before that, she spent 11 years as the managing director and chief financial officer of J. W. Korth & Company. In addition, McDonald-Korth has a background as a senior vice president at Overstock.com and has worked as a financial systems analyst for the board of governors of the Federal Reserve in Washington, D.C., during the early stages of her career.
According to Korth, Holly MacDonald-Korth has demonstrated remarkable qualities as a leader at KDM, exhibiting strength, innovation, compassion, and responsiveness. Korth also mentioned that MacDonald-Korth has effectively assumed the role of CEO for the past couple of years, instilling confidence in him that under her leadership, KDM will continue to progress positively. Korth expressed his belief that MacDonald-Korth’s leadership qualities make her well-suited to guide KDM’s ongoing success, praising her dedication and expertise in the industry.
MacDonald-Korth expressed deep gratitude for the opportunity to collaborate with her father and the team of diligent professionals at KDM. She highlighted their unwavering commitment to assisting commercial real estate owners and borrowers in reaching their business objectives while delivering value to investors. MacDonald-Korth eagerly anticipated carrying forward this legacy for the foreseeable future.