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CBRE Starts Small-Biz Lending Group

LOS ANGELES-CBRE Group starts a new service that will finance up to 90% of commercial owner-occupied properties with a value up to $15 million.

By Bruce Haring | Updated on July 29, 2013

LOS ANGELES-CBRE Group has added an owner-occupied lending component to its capital markets services and hired two veteran executives to run it. The new Business Lending Group is also hiring sales people, underwriters and support staff and will be rolled out over the next few months.

The CBRE Business Lending Group will be run by Jim Pfitzinger and Dan Winzeler, who join CBRE’s Debt & Equity Finance Group. The service will be handled through the Small Business Administration‘s 504 program and other lending sources. The Business Lending Group will originate, underwrite and close acquisition financing up to 90% on owner-occupied commercial properties with an appraised value of up to $15 million.

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