Blogvia Scotsman Guide

    Better disputes Garg’s claims, says former CEO lacks the votes for a ‘boardroom coup’

    This story also appears on Blockyard, the news desk for the property economy.

    Educational

    Scotsman Guide reports that Better is pushing back against Vishal Garg's claims of a boardroom coup, with the mortgage lender accusing its former CEO of improper and unlawful solicitation of stockholders. The dispute centers on whether Garg has secured enough shareholder support to force a change in control, with Better maintaining that he falls short of the votes needed. The standoff adds another chapter to the turbulent history between the founder and the company he once led.

    When leadership battles unsettle a major lender, investors and borrowers alike are reminded that stability in financing relationships matters. The uncertainty at Better comes at a time when real estate investors need clarity in their capital sources, particularly those relying on non-traditional qualification paths. loantrust.ai serves this need through financing strategies built for investors, including DSCR loans qualified on property cash flow rather than personal income, bank-statement programs for self-employed borrowers, and bridge and fix-and-flip structures for acquisition and renovation timelines. Each file is packaged by one licensed MLO, not routed through a call center, which means the same originator who understands the strategy stays with the transaction.

    For investors watching corporate dysfunction from the outside, the priority is a financing partner whose structure does not depend on the drama unfolding in someone else's boardroom. loantrust.ai operates as a dedicated partner rather than a transactional call center, with programs designed for rental property, new construction, and multifamily financing that continue regardless of industry headlines. That consistency is the point: when capital markets shift and lender leadership fractures, the borrower with a direct relationship to their originator and a program matched to their property's cash flow is not left guessing where their next closing stands.

    Source: Scotsman Guide, “Better disputes Garg’s claims, says former CEO lacks the votes for a ‘boardroom coup’”. Read the original →

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    Hans Michel, Mortgage Loan Originator, NMLS #2857209 · LoanTrust is a dba of RentAssure Inc. · Licensed in Georgia · NMLSConsumerAccess.org · Equal Housing Opportunity. Nothing on this site is a commitment to lend — all loans subject to underwriting and approval. DSCR, fix & flip, bridge, new construction, multifamily, and bank-statement programs are business-purpose loans for investment properties only.