ATLANTA, May possibly 18, 2022–(Small business WIRE)–Stonehill, a direct loan provider on professional real estate, introduced the expansion of its management crew with four senior govt hires. Becoming a member of the firm are Daniel Siegel, Greg Koenig, Nisu Mehta and Taylor Pike. The addition of these leaders signifies a strategic phase in Stonehill’s eyesight of expanding its business lending business across all genuine estate sectors.
“We are fortunate to have these 4 hugely achieved field executives be part of Stonehill at a time of strong progress and momentum for our enterprise,” explained Mat Crosswy, Stonehill’s president and a principal. “Their backgrounds closely align with Stonehill’s deep marketplace practical experience, ingenuity and get the job done ethic. We glance forward to functioning carefully with them on vital strategic initiatives to mature our commercial actual estate lending enterprise.”
Founded in 2013, Stonehill delivers resourceful monetary options for center-market organizations. The principals of Stonehill have originated and structured about $5. billion in debt. In addition, Stonehill was just lately ranked as the tenth-largest U.S. business serious estate lodge lender by origination volume dependent on the 2021 Home finance loan Bankers Affiliation financial loan origination rankings.
“Stonehill has attained an marketplace-main popularity as an professional authentic estate financial institution able to originate and near sophisticated transactions in hospitality,” Siegel mentioned. “We are thrilled for the prospect to be a part of this purposeful business to establish upon their momentum to broaden their item offerings.”
About New Leaders
“As our firm carries on to evolve as a best-in-course funds service provider for professional serious estate, it is paramount we keep on to include knowledgeable or ideal-in-class crew customers,” Crosswy claimed.
The new group has many years of serious estate expertise across quite a few facets of the field and spanning many company cycles.
Siegel serves as the president of Stonehill’s industrial actual estate lending team overseeing the group’s enlargement into commercial true estate lending. In advance of becoming a member of Stonehill, he was handling director at a huge private fairness firm and the head of large-generate investments. Prior to signing up for that organization, Siegel was vice president of acquisitions at Rialto Capital, overseeing the distressed loan acquisitions system. Throughout his tenure at Rialto, Siegel right oversaw the acquisition of business authentic estate loans on each domestic and intercontinental possibilities. Moreover, he made the firm’s compact harmony personal loan acquisition system and led the firm’s 1st European acquisition. Siegel has a bachelor’s degree in Finance from Tulane University.
Koenig is a senior vice president at Stonehill. Right before becoming a member of Stonehill, he was an government director at a large non-public fairness organization, focusing on financial debt originations in all asset classes. Prior to that, Koenig was a senior vice president at Newport RE, a German-based actual estate investment enterprise, focusing on acquisitions and asset management for its U.S. portfolio. Earlier, he was a vice president at Rialto Capital, where by he assisted underwrite and asset-take care of personal loan portfolios. Right before becoming a member of Rialto, Koenig labored at TriMont Real Estate Advisors facilitating mortgage workout routines and maximizing returns on distressed property. Koenig holds a bachelor’s diploma from the College of Connecticut, exactly where he majored in Real Estate and City Economics.
Mehta is a senior vice president at Stonehill. Prior to becoming a member of Stonehill, he was an govt director at a large non-public fairness organization, exactly where he was a senior originator and underwriter concentrating on both of those credit card debt and equity investments in the Southeast U.S. Prior to that, Mehta was the director of investment administration at Rialto Capital, the place he oversaw the acquisitions of entire loan portfolios and determined and support underwrite equity investments in the Southeast U.S. On top of that, he was associated in aiding Rialto’s CMBS B-piece platform to turn out to be 1 of the major individuals in the sector. He been given a bachelor’s diploma in Economics from the College of North Carolina at Chapel Hill and an MBA from Emory University.
Pike is a senior vice president at Stonehill. Prior to signing up for Stonehill, he was an government director at a big personal equity enterprise, wherever he originated debt investments. Prior to that, Pike worked as an analyst at Rialto Funds, where by his most important tasks incorporated bank loan asset administration and underwriting. He is a graduate of the Terry University of Enterprise at the University of Ga, acquiring a bachelor’s in Finance and Economics.
Stonehill mostly focuses on funding permanent loans, bridge loans, mezzanine loans, and most well-liked fairness investments. Given that its founding in 2013, Stonehill and its partners have originated extra than $5. billion in projects seeking cash to total acquisitions, recapitalizations, refinancing and renovations. For supplemental information and facts, make sure you stop by www.stonehillsc.com.
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