NEW YORK CITY—HKS Capital Partners has promoted senior mortgage broker Michael Lee to partner. He has originated loans at the firm since it was created in 2011.
While with the company, Lee has originated over 60 transactions valued at over $450 million. Today Lee also acts as a mentor and manages the firm's team of 13 brokers.
"Michael has become a heavy hitter in the industry," says Jerry Swartz, co-founder of the company—along with Ayush Kapahi and John Harrington. "He works tirelessly for every client while using HKS Capital's close lending relationships to originate uniquely tailored loans."
Lee's two biggest deals this past year included a $30 million loan to refinance a retail and office building on Fifth Avenue and three loans totaling $26 million for three brownstones on Manhattan's Upper West Side.
Other recent Lee transactions include a non-recourse ground up construction of a 50 unit rental building in Manhattan, an acquisition of a vacant multi-family building in Brooklyn and a 10-year self-amortizing loan for a prime office and retail building in Tribeca.
"I am extremely grateful and excited for the opportunity to become a partner at HKS Capital," says Lee. "The firm's unique team-driven culture and extensive banking relationships have been invaluable to our growth over the last few years, and we expect that to continue to push us for the upcoming year."
Since HKS opened, the boutique real estate capital advisory firm specializing in debt and equity finance nationwide has closed more than $13 billion in loans for new developments, acquisitions and refinancing deals in New York, other states and the US Caribbean territories. They specialize in permanent financing, construction, acquisition and bridge, mezzanine, institutiona
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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.
