Gorilla Capital gets $24M investment loan

Arena Investors loaned the Eugene-based real estate firm $24 million in credit.

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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.”