LONDON—Situs, a global provider of commercial real estate (CRE) advisory services and integrated process and technology solutions, has appointed of Fernando Salazar Lacalle as managing director and country head of the firm's new office in Madrid.
Reporting directly to Bruce Nelson, chief operating officer, Salazar will be responsible for the expansion of all of Situs' business lines into Spain and the surrounding Southern European market, including loan servicing, special servicing non-performing debt refinancing, and advisory.
Situs' Southern European expansion follows a strong demand for CRE loan servicing and debt advisory services in Spain as a result of increased activity in the region from international investors. In July, 2014, Situs announced a joint venture with debt collection group Lindorff to service Spain's non-performing debt market in order to best meet the underwriting, due diligence and loan advisory needs in all debt classes including CRE, consumer debt, residential mortgages, and small and medium enterprises (SME).
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
