Mike Kortas Assumes Sole Ownership of NEXA Lending as All Litigation with Former Business Partner Mat Grella Comes to a Close
The agreement ends a multi-year dispute and includes a mutual release of claims, while NEXA says it grew from 2,300 loan officers to nearly 3,700.
- On Monday, NEXA Lending CEO Mike Kortas assumed 100% ownership of the brokerage, finalizing a settlement that resolves all litigation with former business partner Mat Grella.
- Grella, who co-founded NEXA with Kortas in 2017 after leaving Equity Prime Mortgage, held a 49.5% stake before his 2024 termination triggered multiple lawsuits.
- Despite five mediations, Kortas estimated about $4.5 million in personal legal fees while NEXA grew from approximately 2,300 loan officers to nearly 3,700 during the prolonged dispute.
- The settlement provides Grella with an undisclosed cash payment and a single asset, ending what Kortas called "skirmishes in the Great War for NEXA" through mutual release of all claims.
- Kortas stated he is "extremely happy" to move forward under unified ownership, focusing energy on innovation and supporting loan officers as NEXA enters its next chapter.
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16 Articles
Missoulian
Mike Kortas Assumes Sole Ownership of NEXA Lending as All Litigation with Former Business Partner Mat Grella Comes to a Close
MESA, Ariz., July 20, 2026 /PRNewswire/ -- NEXA Lending today announced the successful resolution of all litigation between CEO Mike Kortas and former business partner Mat Grella, bringing a multi-year legal matter to a close and establishing Kortas as the…
NEXA Lending and former partner Mat Grella end legal fight
NEXA Lending CEO Mike Kortas said he has reached a global settlement with former business partner Mat Grella, ending a years-long legal battle over the ownership and control of the brokerage and several related entities. The agreement, reached in mediation and finalized on Monday, resolves “every single one” of the lawsuits between the two NEXA founders, Kortas said in an exclusive interview with HousingWire. Court filings indicated that a 2024 …
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