CW Hires New Execs to Expand CRE Debt Placement
- May 24, 2011
As the financial services business gradually returns, CW Financial Services is doing its part. The commercial real estate mortgage banking and investment sales specialist has recruited four industry veterans to broaden the company’s menu of financing services, especially its debt placements. The four will be based in New York.
Currently, CW’s services include investment sales and debt and equity placement through its wholly owned brokerage subsidiary, Rockwood Real Estate Advisors, as well as providing Fannie Mae, Freddie Mac, FHA and life-company lending and loan servicing through its national lending and servicing subsidiary, CWCapital L.L.C.
The new hires comprise former Capmark and Ventras Holdings executives, and will develop additional forms of debt placement for the company, including bridge, conduit, mezzanine and other permanent financing structures. Greg McManus, a 21-year industry veteran, will lead the group. McManus served as CEO of Ventras and has held various positions at Capmark, including CFO of Capmark Financial Group, chairman of Capmark Bank president of Capmark Securities Inc. and head of Capmark Asia.
In his new digs at CW, McManus will serve as managing director. He will report to Michael Berman, president & CEO of CWCapital, and Daniel McNulty, president of Rockwood.
Joining McManus is Larry Kligman, senior vice president, a 33-year industry veteran with expertise that includes loan originations, structuring, sales and syndication; Eric Baum, senior vice president, a 17-year industry veteran with core expertise in loan underwriting; and Dennis Owen, vice president, a 23-year industry veteran with a background that includes loan origination, real estate valuation and finance. All three will report to McManus.