CLEVELAND—KeyCorp has just selected Angela G. Mago to lead KeyBank Real Estate Capital and Community Development Lending. Mago will succeed E.J. Burke who last week became Community Bank co-president for commercial and private banking at Key. Mago will report to Christopher M. Gorman, president of Key Corporate Bank.
“Angela's business acumen, proven leadership and track record for growing businesses make her uniquely qualified to lead KeyBank Real Estate Capital,” says Gorman. “She has the experience to drive our relationship-based business model and deliver the full breadth of Key to our clients and prospects.”
A 26-year veteran of Cleveland-based Key, since 2011 Mago has led the Real Estate Capital Markets team that has responsibility for originating, underwriting, and distributing permanent mortgage financing for Key's clients through Fannie Mae, Freddie Mac, FHA, life companies and CMBS. Under Mago's leadership, company officials say this national platform has produced record loan production in each of the last three years.
Last year, GlobeSt.com reported that KeyBank Real Estate Capital has struck a pair of deals that would substantially increase the size of its commercial mortgage servicing portfolio. The company arranged to buy Bank of America N.A.'s $110.5-billion CMBS servicing portfolio, along with a CMBS special servicing portfolio of about $14 billion. It also entered into a long-term agreement with Berkadia Commercial Mortgage LLC to buy up its CMBS special servicing business.
Previously, Mago served as the national manager for KeyBank Real Estate Capital's healthcare group.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
