58.2 F
Laguna Hills
Thursday, May 23, 2024
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GLENN STEARNS

 FOUNDER, CEO, KIND LENDING

WHY: In 1989, founded Stearns Lending; sold majority stake to Blackstone in 2015.
In March, started new mortgage company Kind Lending in same South Coast Metro office of prior company.

RECENT: Cancer survivor; was in treatment during filming of reality show Undercover Billionaire (Forbes estimated worth: $500M).

NOTABLE: This year paid the then-record price of $50M for Dean Koontz’s sprawling Newport Coast compound.

QUOTABLE: On mortgage origination goal with new company: “If I’m not doing $26 billion in a couple years, I’m doing something wrong.”

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