NEW YORK CITY—Most platforms focus on larger deals and have typically avoided the $1-million to $10-million range of opportunities, believing there is more risk involved and higher underwriting costs. Adam Petriella, EVP of capital markets at Coldwell Banker Commercial Alliance, takes a closer look at Sutherland's REIT platform and at coordinating the various entities to deliver services to the entrepreneurial commercial real estate investor and owner-user.
GlobeSt.com: Sutherland was formed in 2009 to acquire RMBS and ABS and more recently, seems to be focused on small-balance commercial loans. Tell us how the platform evolved in the interim.
Adam Petriella: Since 2008 through Sept. 30, 2014, our manager (Waterfall AM) has reviewed approximately 169,600 performing, sub-performing and non-performing Small Balance Commercial and SBA loans, priced approximately 85,00 of these loans and acquired more than 6,500 SBC and SBA loans with aggregate unpaid balance of approximately $2.0 billion for an aggregate purchase price of approximately $1.3 billion. Our manager has also acquired more than $225 million in UPB of SBC ABS notes over this time period.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
