NorthMarq Capital Adds Industry Veteran as VP
- Apr 11, 2017
NorthMarq Capital recently announced that Paul Whalen has joined the firm as vice president. He will manage the full range of investor capital on behalf of his clients, from fixed rate first mortgages to subordinate debt to equity in order to meet the client’s financial objectives. Capital providers include NorthMarq’s correspondent life insurance companies, CMBS lenders, Fannie Mae, Freddie Mac and HUD, as well as pension funds, private equity funds and family offices. Whalen will operate out of the firm’s Miami regional office.
Since 1980, Whalen has been a part of the commercial/multifamily real estate industry as an investor and financial intermediary. He has closed more than $2.5 billion in financings and sales in 11 different states. Most recently, he served as managing director in the Miami office of Ackman Ziff. Prior to that, he was principal at Whalen Realty Capital, as well as founder of LienBase. Whalen began his career as Pension Fund Administrator for IUOE Local 675 in 1980 and as CIO had responsibility for $40 million in real estate equity. He also helped establish the Florida office of what’s now HFF LP.
“His decades of experience across the entire capital stack, paired with a broad range of financing options, will allow him to bring innovative solutions to our client relationships,” said NorthMarq Miami Senior Vice President & Managing Director Jeff Robertson, in prepared remarks.
Paul Whalen graduated from the State University of New York at Oneonta and completed post-graduate studies in labor economics at Cornell University. He is an active member of the ICSC and the UF Bergstrom Real Estate Center.
Recently, Commercial Property Executive interviewed NorthMarq Capital President Jeffrey Weidell at the Mortgage Bankers Association CREF/Multifamily Housing Convention & Expo in San Diego.
Image courtesy of NorthMarq Capital