2008 CPN Goldbook - (Page 49) FINANCIAL SERVICES Eastdil Secured L.L.C. Investment bank Eastdil Secured L.L.C. structures investment sales, financings, joint ventures, entity-level and other transactions in both the public and private debt and equity markets, offshore as well as domestically. During 2007, the New York City-based company completed more than $173 billion in debt and equity transactions, including $81 billion in property sales, $33 billion in debt placements and loan sales and $58 billion in private equity raised and entity-level transactions. The ROY MARCH company has offices in London; WashingCEO Eastdil Secured L.L.C. ton, D.C.; Chicago; Atlanta; Dallas; Boston; and Los Angeles, San Francisco, San Diego, Orange County and Silicon Valley, Calif. 1993, it has purchased more than $165 billion in multifamily mortgages, financing rental housing for more than 4 million families. Freddie Mac purchases single-family and multi-family residential mortgages and mortgagerelated securities, which it finances primarily by issuing mortgage-related securities and debt instruments in the capital markets. Gramercy Capital Corp. Gramercy Capital Corp. originates and acquires whole loans, subordinate interests in whole loans, mezzanine loans, preferred equity and net lease investments involving commercial properties in the United States. The company’s 2007 loan production totaled almost $2.7 billion. Gramercy has also established a CMBS business that acquires, trades and finances real estate-related securities. In November 2007, it announced its intended acquisiHUGH HALL tion of American Financial Realty COO Gramercy Capital Corp. Trust. The merger is expected to close in March, pending shareholder approval. The company is headquartered in New York City and maintains a regional investment office in Los Angeles. Eurohypo AG Eurohypo AG, one of Germany’s oldest banks, provides international finance with a panEuropean presence. The company also has offices in South America and Asia and an established U.S. unit that is headquartered in New York City and has offices in Chicago and Los Angeles. Eurohypo USA originates loans for its own balance sheet and for placement in the U.S. capital markets. In 2007, the U.S. group arranged and BEN MARCIANO closed more than $10 billion in deals, Managing Director & General Manager including a $750 million bridge-loan facilEurohypo AG ity and a $702 million acquisition loan. Grandbridge Real Estate Capital L.L.C. Grandbridge Real Estate Capital L.L.C. was formed in November 2007 when Branch Banking and Trust Co. acquired Collateral Real Estate Capital L.L.C. of Birmingham, Ala., and combined it with Laureate Capital L.L.C. The combined company, one of the largest full-service commercial and multi-family mortgage banking companies in the nation, has a commercial real THOMAS DENNARD CEO estate servicing portfolio of more than Grandbridge Real Estate Capital L.L.C. $20 billion, and it projects that 2007 originations will total $9 billion. Grandbridge, headquartered in Charlotte, N.C., operates 27 loan-production offices and employs 325 people. Fannie Mae In late 2007, in response to feedback from its multi-family lenders, Fannie Mae launched a rewritten underwriting section of its Delegated Underwriting and Servicing Guide that will increase delegation to lenders by eliminating the need for many waivers, thus streamlining the process. It was the first significant rewrite of the guide in its 20-year history. Last year, it turned in a record multi-family transaction volume of $60 billion. During 2008, it will focus on creating value and driving growth for its PHILLIP WEBER multi-family lenders, tax-credit syndicaSenior Vice President Fannie Mae Multifamily tors and affordable housing partners. Green Park Financial Green Park Financial’s loan programs cover most multifamily property types, including conventional apartments, affordable housing, seniors housing, student housing and manufactured-housing communities. The company specializes in large, complex transactions like pools, revolving-credit facilities and bulk delivery of existing loans. Green Park services $4.4 billion in loans for more HOWARD SMITH III than 90,000 apartment units across Executive Vice President & COO Green Park Financial 43 states and Washington, D.C. Freddie Mac Freddie Mac announced a new program, Delegated Underwriting for Targeted Affordable Housing, in which lenders receive expedited processing and flexibility in exchange for sharing risk when underwriting multi-family mortgages secured by targeted affordable properties. Last year, Freddie Mac transacted a record $44.7 billion worth of multi-family deals. Since the launch of its current multi-family business in MIKE MAY Senior Vice President Freddie Mac Multifamily 2008 Goldbook Commercial Property News 49
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