Commercial real estate mortgage banking firm CW Financial Services (CW), has enhanced its commercial real estate (CRE) debt platform.
The firm hired four personnel who will lead an initiative to broaden the menu of financing services it offers.
CW now offers a wide range of services such as investment sales and debt and equity placement via its wholly owned brokerage subsidiary, Rockwood Real Estate Advisors. it also provides Fannie Mae, Freddie Mac, Federal Housing Administration, and life company lending and loan servicing through its national lending and servicing subsidiary, CWCapital.
The new team, made up of former Capmark and Ventras Holdings executives, will be based out of New York and will develop added forms of debt placement such as bridge, conduit, mezzanine and other permanent financing solutions.
Greg McManus, with 21 years of industry experience, will lead the group. McManus was CEO of Ventras and held various positions at Capmark including CFO of Capmark Financial Group, chairman of Capmark Bank, president of Capmark Securities and head of Capmark Asia. In his new position, he will be managing director reporting to Michael Berman, president and CEO of CWCapital and Daniel McNulty, pesident of Rockwood.
Joining McManus is Larry Kligman, senior vice president. He has had 33 years in the industry veteran with broad expertise that includes loan originations, structuring, sales and syndication; Eric Baum, senior vice president, a 17-year industry veteran with a diverse CRE background and a core expertise in loan underwriting; and Dennis Owen, vice president, a 23-year industry veteran with a background that includes loan origination, real estate valuation and finance. All three will report to McManus.
“This team broadens our capabilities, enhances the synergies between our divisions, and positions us for additional expansion as the market recovers,” stated Charles Spetka, chief executive officer of CW. “These enhancements create a more complete menu of client services designed to satisfy the multi-dimensional needs of our clients. Achieving greater client satisfaction is a priority for CW and with this objective in mind CW will continue to diversify and introduce new products and services.”