NEW YORK CITY—Three members of Prospect Capital Group have joined Eastern Consolidated in its capital advisory division. PCG partners Adam Hakim and Sam Zabala—who specialize in highly structured financing deals and have overseen a combined $8 billion in transactions—will both hold the title of managing director with Eastern Consolidated. The PCG partners dissolved the firm so that they could join Eastern.

Former PCG associate James Murad also has joined the Eastern Consolidated team. His responsibilities include managing client and capital market relationships, as well as underwriting properties and projects for structured placements. He began his career at GCP Capital, where he handled analysis for the brokerage business as well as underwriting for in-house acquisitions and direct lending.

Hakim and Zabala are bringing their book of business to Eastern, with a strong and diverse track record of executing highly structured mezzanine and senior portfolio debt transactions with various developers/owners.

They will service the firm's existing clients while continuing to develop new business in conjunction with the division and managing director Jonathan Aghravi—who launched Eastern's capital advisory group last year.

Complimenting Eastern's investment sales division, the capital advisory team arranges the origination of commercial real estate debt and equity for all property types. To date they have arranged an aggregate of approximately $500 million in various finance transactions.

“Adam and Sam have been highly regarded advisors throughout their careers, and have built long-standing relationships with a diverse group of top real estate professionals,” says Daun Paris, president of Eastern Consolidated. “The combination of their exceptional deal making skills and sophisticated market knowledge will add further depth to our rapidly expanding capabilities.”

“Sam and I were attracted to the enormous range of knowledge that Eastern has through its existing 76-strong brokerage team,” Hakim asserts. ”We value the opportunity to work synergistically with the investment sales side, and look forward to growing with the top real estate investment services firm in the region.”

Before founding PCG in 2009, Zabala spent 15 years as a commercial real estate finance professional on both the equity and debt sides. While at CapitalSource, PB Capital, and Tishman Speyer Properties, he developed extensive expertise in structuring and closing senior debt, mezzanine debt, and equity involving all types of commercial and residential real estate in markets throughout the United States.

Prior to joining PCG, Hakim spent 17 years at GCP Capital Group, where he honed his deal making skills, which include raising capital for hospitality, multifamily construction, and transitional assets across all levels of the capital stack.

“Adam and Sam will bring tremendous value to our group of professionals that boast extensive experience in arranging permanent and short-term debt funding, construction loans, mezzanine financing, preferred equity, and joint venture equity for a variety of major asset types throughout the United States,” Aghravi says.

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Rayna Katz

Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.