"The turmoil in today's capital markets has had a tremendous impact on lenders, who need help working through problems in their commercial real estate mortgage portfolios," says Jeffrey M. Finn, president and CEO of NAI Global. "And property owners and investors are having trouble finding the financing they need for existing projects and new investments.

"NAI Bluestone Real Estate Capital will work with lenders, property owners and investors to arrange debt and equity financing for commercial real estate assets," he says. "We will also work with banks and other financial institutions on asset recovery strategies for non-performing and underperforming real estate assets, including asset evaluation, repositioning and the disposition of properties and loans."

"We're focused on providing solutions to lenders who are facing one of the most difficult periods in commercial real estate history," says Bluestone chairman Matthew McManus, whose company does more than $1 billion of deals annually, drawing from a number of major institutional capital providers. "The market has become gridlocked with credit-starved property owners in need of financing and lenders overwhelmed by problems in their existing loan portfolios. We're combining NAI Global's local market expertise and global reach with our commercial real estate debt and equity financing capabilities."