CrossCountry Mortgage's CEO sold his lavish waterfront mansion in Fort Lauderdale for $30 million.
Ronald Leonhardt Jr. was able to pocket a $7 million profit on the property, which he bought in 2021 for $23 million, according to Redfin. The house located in Harbor Beach was officially sold Sept. 19.
Previously, the mortgage magnate tried selling the property in July 2021, two months after it was purchased, and then once more in March 2022. The Wall Street Journal first reported the sale.
Chad Carroll, real estate agent at Compass, was the listing agent of the property.
The CrossCountry CEO previously flipped two other properties in South Florida. In 2021, Leonhardt sold a pair of waterfront Hibiscus Island homes for $27 million, per previous reporting from The Real Deal.
Leonhardt launched CrossCountry in 2003 after having worked several years as a loan officer and broker. The company is licensed in all 50 states and has over 600 branches across the country.The company founder also owns several restaurants and brew pubs.
CrossCountry ranks as the third top retail lender in the country with $36 billion in lending volume in 2022, as stated in the Scotsman Guide. The mortgage company ranked 7th among all lenders in 2022 after finishing 10th place the year prior.
