2008 CPN Goldbook - (Page 48) FINANCIAL SERVICES Citigroup Global Markets Inc. Citigroup Global Markets Inc. serves clients from offices worldwide. Its commercial mortgage finance group completed almost $8 billion in fixed-rate commercial mortgage conduit and large loans and $6 billion in floating-rate commercial mortgage loans during 2007. As a bookrunner on seven U.S. CMBS transactions, it amassed a securitization volume of more than $11.5 billion. The group also placed $600 million in subordinate debt and syndicated more than $1.4 billion in commercial mortgage and real estate bank loans with investors. new loans during the past seven years. Its willingness to hold large loans of as much as $175 million without participants creates an advantage over lenders that syndicate large loans. Also, at least one member of Corus Bank’s loan committee is involved in each transaction from the start of negotiations, which enhances the certainty of execution. Credit Suisse Credit Suisse’s real estate finance and securitization group operates as a lender, advisor and underwriter worldwide. It has developed some of the most innovative structures in real estate finance, including the introduction of the super-senior structure for floatingrate CMBS, followed by a fixed-rate CMBS the following year. The bank’s 2007 financing commitments backed projects across the Americas, Europe and Asia. Noteworthy transactions ROBERT BRENNAN included financings for 230 Park Ave. Managing Director & HeadReal Estate Finance and and The Plaza hotel in New York City; Securitization Group Credit Suisse the Hard Rock Hotel & Casino Las Vegas; Shutters Hotel on the Beach and Casa Del Mar Hotel by the Sea in Santa Monica, Calif.; and City Centre in Shanghai. Cohen Financial Cohen Financial offers debt and equity placement, investment brokerage, loan administration and advisory services. The company is one of the nation’s largest originators of commercial real estate financing. Since 2004, it has completed more than $13.6 billion in debt, equity and investment sales transactions and provided advisory services on more than $1 billion JACK COHEN worth of assets. It maintains a loan-servicCEO Cohen Financial ing portfolio of more than $4.6 billion. The firm serves clients from offices in 11 major U.S. markets. Column Financial Inc. Column Financial Inc., a wholly owned subsidiary of Credit Suisse, originates commercial mortgage loans. Since its founding in 1993, it has originated more than 7,400 commercial and multi-family mortgage loans valued at over $72.6 billion. Headquartered in Atlanta, the company has 16 offices in the United States and Canada offering financing options that include interim and mezzanine lending programs. CWCapital L.L.C. CWCapital L.L.C. launched several initiatives during 2007, including fixed- and floating-rate balance-sheet lending programs; it also revised its Fannie Mae and Freddie Mac lending platform, resulting in a 100 percent increase over its 2006 agency multi-family production levels. In all, the company closed $3 billion in loans, and it targets $4 billion for 2008. CWCapital services $9 billion in loans in 47 states and, through CWCapital Investments and MICHAEL BERMAN CWCapital Asset Management, conPresident CWCapital L.L.C. trols special servicing and subordinate CMBS on $180 billion in multi-family and commercial loans. The firm’s investment management business oversees $9 billion worth of assets. Commercial Defeasance L.L.C. Since facilitating one of the earliest CMBS defeasances, in 2000, Commercial Defeasance L.L.C. has defeased thousands of commercial loans nationwide, working with every major CMBS servicer and dealing with everything from small, single-loan defeasances to large, complex, multi-loan deals. The company’s transaction teams guide borrowers through the JOSHUA COHEN 30-day defeasance period by actively Managing Director Commercial Defeasance L.L.C. managing the entire process so borrowers and their attorneys and brokers can focus on the related sale or refinance transaction. Deutsche Bank Commercial Real Estate Employing more than 500 professionals worldwide, Deutsche Bank Commercial Real Estate Group originated $52 billion in loans and lead- or comanaged $75 billion in CMBS deals in 2006. The group provides financing to public corporations, private equity groups and individuals owning or acquiring commercial real estate assets, including hotel and lodging, industrial, manufactured housing, multi-family, office and retail properties in the United JON VACCARO States, Asia and Europe. Working in Global Head conjunction with Deutsche Bank AG’s Deutsche Bank Commercial Real Estate other real estate groups, the commercial real estate group provides competitive single-asset and portfolio financing options secured by all asset types, and it advises and offers creative real estate debt solutions. 2008 Goldbook Corus Bank N.A. Chicago-based Corus Bank N.A. originates large commercial construction loans. Its loan portfolio, including unfunded commitments, totals almost $8 billion. The firm will lend in all major metropolitan areas in the continental United States and Hawaii, providing financing for condominium, apartment, office and hotel construction projects. In 2007, it originated $2 billion in new loans, and it has originated $20 billion in ROBERT GLICKMAN President & CEO Corus Bank N.A. 48 Commercial Property News
For optimal viewing of this digital publication, please enable JavaScript and then refresh the page. If you would like to try to load the digital publication without using Flash Player detection, please click here.