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CWCapital Expands Commercial RE Loan Platform

NEEDHAM, MA-The locally based lender to the commercial and multifamily real estate industries, has been originating, closing and servicing conduit loans for more than 10 years but this is its first time aggregating and securitizing its loans independently.

By Naomi Grossman | Updated on March 05, 2004

NEEDHAM, MA-CWCapital, the locally based lender to the commercial and multifamily real estate industries, launched a conduit aggregation and securitization platform. The company has hired Tammy Heyman and Robert Restrick, both formerly of GMAC Commercial Mortgage Corp., as managing directors of the new platform.

CWCapital has been originating, closing and servicing conduit loans for more than 10 years but this it its first time aggregating and securitizing its loans independently. “It’s always been our plan to have a conduit where we would actually make the loans,” Charles Spetka, president of CWCapital Investments, tells GlobeSt.com. “We want to grow and diversify into different areas of commercial real estate finance.”

This past June, the company formed CWCapital Investments to purchase B Pieces on conduit loans in CMBS pools. The company says it is now positioned to purchase a B Piece investment in its own conduit loans. The conduit aggregation and securitization platform is intended to build upon CWCapital’s established conduit and new investment management businesses, which the company anticipates will position it as a “vertically integrated” lender.

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