Arixa Capital, a private real estate lender and alternative investment manager, has surpassed $4 billion in cumulative loan originations.

Arix said the milestone is a testament of the support from the firm’s real estate investors, developers, and builders specializing in single family and multifamily investment projects in supply-constrained urban markets.

“As Arixa surpasses the $4 billion mark, we’re profoundly grateful for our many longstanding clients who have trusted us as their preferred source for short-term financing,” said managing director Gregory Hebner. “With the significant uptick in demand for new loans, we’re focused on aggressively expanding our capital base to support our growing clientele across California, Arizona, and other new strategic markets.”

Arixa also announced that Jonathan Fox was hired as chief credit officer. Fox has over 20 years of experience in credit risk management and underwriting in real estate financing. He was previously at First Republic Bank, JPMorgan Chase, and Citigroup.

Founded in 2006 and with offices in Los Angeles and Phoenix, Arixa provides senior secured, short-term loans to finance the acquisition, renovation, and/or construction of investment properties. The firm has serviced more than $1.2 billion of loans as of the end of March.