We explore, innovate, break new ground and are always growing. Have a peek at what makes us the best!

Our People

  • 46% live in the neighborhoods we serve
  • 55% are involved in volunteer work
  • 86% like spicy food
  • 59% would wear shorts over pants
Our Culture
Our Leadership
Pete Martay

Pete Martay

Chief Executive Officer

Pete joined Pangea in 2009 as the company’s fifth employee and currently serves as Chief Executive Officer of Pangea Properties. Prior to joining Pangea, Pete served as Vice President at Bernstein Global Wealth Management from 2005 to 2009. He also worked as an associate for Chicago-based private equity firm, Glencoe Capital from 2002 to 2004. Pete started his career in investment banking at Deutsche Bank, as part of the Leveraged Finance Group. He received his B.B.A. from the University of Michigan’s Stephen M. Ross School of Business. In his free time, Pete enjoys fly fishing, hiking, skiing, and spending time with his wife and kids.

Pat Borchard

Pat Borchard

Chief Financial Officer

Patrick is currently CFO of Pangea Properties overseeing the financial, HR, risk management and investor relations functions of the business. Patrick joined Pangea in 2009 as a Principal in its first fund, Pangea Equity Partners, LP. Prior to joining Pangea, he served as both Director of Finance and Senior Director of US Operations at CashNetUSA, now Enova International. He has also worked in leadership positions for Alvarez & Marsal and PricewaterhouseCoopers. Patrick is a CPA and has BBAs in Accounting and Finance from the University of Notre Dame. In his free time, Patrick is involved with the Notre Dame Club of Chicago and enjoys art, playing guitar, cooking and spending time with his wife and two daughters.

Board of Directors
  • Al Goldstein

    Co-founder & Executive
    Chairman of the Board
    About Al
  • Norman Bobins

    Board Member
    About Norman
  • Errol R. Halperin

    Board Member
    About Errol
  • James Reynolds Jr.

    Board Member
    About James
  • Eric M. Rychel

    Board Member
    About Eric

Al Goldstein
Co-founder & Executive
Chairman of the Board

Norman Bobins
Board Member

Errol R. Halperin
Board Member

James Reynolds Jr.
Board Member

Eric M. Rychel
Board Member

Al Goldstein is the co-founder and CEO of AvantCredit.com, one of the fastest growing national online providers of consumer loans. By utilizing advanced algorithms and machine-learning capabilities, AvantCredit offers a unique and highly customized approach to the personal loan process.

After securing more than $500 million in funding, AvantCredit was the most funded company in Chicago in 2014. The company has issued more than 90,000 loans operating in 46 U.S. states and in the United Kingdom under the brand SpringCoin.co.uk.

Prior to AvantCredit, Al co-founded Pangea Properties, a private REIT invested in distressed and value-add multi-family properties in the Chicago, Indianapolis and Baltimore markets. Al was co-founder, President and CEO of CashNetUSA, now Enova International, from 2004 until 2008, after selling to Cash America International in 2006. Prior to that, he was part of Deutsche Bank’s Leveraged Finance practice in New York and worked on various secured and unsecured leveraged debt transactions. Al is also an active member of the Young Presidents Organization (YPO) and America Israel Public Affairs Committee (AIPAC) and spends time mentoring young entrepreneurs. He received a Bachelor of Science in Finance with a Mathematics Minor from the University of Illinois where he graduated with High Honors and is a CFA charter holder.

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