Ariel Property Advisors capital services will work hand-in-hand with the firm's current investment sales and research professionals to structure financing for commercial real estate properties throughout the New York metropolitan area. The division will focus on multifamily, commercial, retail, development, mixed-use and industrial properties.
To lead expansion of this business line, Ariel Property Advisors has hired Paul McCormick, a 10-year veteran of the commercial mortgage industry, to serve as VP of the division.
Previously, McCormick was the assistant VP of sales at Arbor Commercial Mortgage. There, he supported a 25 person sales division that originated over $5 billion in loans across the company's multifamily and commercial product lines, including Fannie Mae, Freddie Mac, FHA, CMBS, bridge, mezzanine and preferred equity.
"Our new capital services division will empower our professionals to provide owners and investors with holistic real estate solutions," says Shimon Shkury, president of Ariel Property Advisors. "We look forward to working with Paul to build a first-class financing operation that enhances our existing capabilities."
"A nuanced understanding of the financial markets is essential to helping clients achieve their objectives," adds McCormick. "I am very excited to leverage the firm's powerful research and investment sales platform in a way that enhances the company's reputation as a trusted resource."
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- 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
*May exclude premium content© 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.
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.
