BlueKey Equity Partner Felix E. DeHerrera served as chairman for Alterra Home Loans, the company he helped start at the height of the financial crisis in 2007, and in which he had a personal investment of more than $3 million. The company has grown to become one of the fastest growing Hispanic-owned mortgage firms in the nation. Prior to selling his interest to a private equity fund in 2018 to Panorama Point Partners, Alterra funded more than $5 billion in home mortgages primarily to Hispanic borrowers.
Alterra Home Loans, headquartered in Las Vegas, Nevada, offers mortgage loans and refinancing services to new and existing homeowners. It has offices in 33 states providing extraordinary service to minority and first time homebuyers.
In July 2016, an expansion capital and an equity investment commitment from Panorama Point Partners occurred. Alterra Home Loans is a 100% minority-owned Hispanic lender. Since 2010, Alterra’s retail outreach has been aimed primarily at the Hispanic marketplace generating billions of dollars in mortgage closings since 2015.