Our team was established in 1995 and focuses on commercial mortgage loans, commercial mortgage-backed securities (CMBS), unsecured REIT debt, and other real estate debt investments. Our advantage is highlighted by cross-team collaborations, rigorous credit research, deep market knowledge, strong borrower relationships, a dedicated real estate analytics team, a proactive approach to portfolio surveillance, and an efficient closing process.
Capabilities
Commercial Lending
Commercial Lending
We lend throughout the US in primary markets and strong secondary markets across the five major property types of multifamily, industrial, retail, office and hotel on behalf of our clients.
Commercial Mortgage-backed Securities
Commercial Mortgage-backed Securities
We invest in conduit, single-asset/single-borrower (SASB), and Agency CMBS transactions on behalf of our clients. Our detailed analysis of CMBS credits and relative value allows us to focus on delivering alpha for our clients.
REIT Debt
REIT Debt
We focus on REITs with well-positioned properties and strong management teams that have a history of prudent capital allocation and conservative balance sheet management.
Finding Relative Value
Throughout The Capital Structure
Our approach to investing primarily considers the location, quality and value of the underlying real estate, along with the financial strength and experience of the owner/operator. Our commercial mortgage loan program seeks opportunities throughout the US in primary markets and strong secondary markets across the five major property types, but with a focus on more defensive sectors such as multifamily and industrial.
Targeted Approach and Property/Deal Types:
- Lend on core, core plus and value-add assets
- Look to capitalize on historically strong repeat business
- Focus on experienced borrowers who have been tested through cycles
- Require strong real estate fundamentals within markets
- Provide borrowers flexible/creative deal structures
- Access to loan participations can provide attractive portfolio diversification
Commercial Real Estate Assets
Commercial Mortgage Loans By Property Type
Our Insights
Investment Team
Experience and Stability
Our investment professionals are characterized by experience and continuity of team, effective decision-making processes, and deep industry experience.
Joe Burke, CRI, FLMI
Senior Managing Director, Interim Head of Commercial Real Estate
Julian Foster, CRI
Senior Managing Director, Head of Mortgage Loan Production
Matthew Napoli
Managing Director, Mortgage Loan Production
Sally Donnelly
Senior Vice President, Head of Real Estate Analytics, Servicing and Asset Management
Gayle Gerke, ARM
Senior Vice President, Insurance and ESG
Jamie Newland
Vice President, Head of Legal and Closings
Katlyn Nicolai
Vice President, CMBS Portfolio Manager
Mike Lee, CFA
Assistant Vice President, REIT Analyst
Our Advantage
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Clients are at the core of everything we do
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Long-tenured teams and processes
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Investment-led organization
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Established as an institutional solutions provider
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Network and access to investment community
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Team-based culture