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2/09/10
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Marcus & Millichap Capital Corporation (MMCC) has launched a new division to serve the needs of borrowers nationwide. The Debt Advisory Services (DAS) division will assist borrowers on loan modifications and restructurings, loan maturity extensions, loan assumptions, discounted pay-offs and note purchases.
“The DAS can assist borrowers with portfolio and securitized commercial mortgage loans to better understand, manage and negotiate the lender and servicer approval process, particularly for commercial mortgage-backed securities (CMBS) loans,” explains William E. Hughes , Senior Vice President and Managing Director of MMCC.
“The division has expertise in credit analysis, underwriting, loan closing, securitization, servicing and asset management. By leveraging our relationship with Marcus & Millichap Real Estate Investment Services and its national network of investment professionals, the DAS division will provide private and institutional clients with superior loan services,” adds Hughes.
Eric Gunderson, Deborah Schiavo and Brian Sullivan, formerly of Highland Advisory Partners – with offices in Los Angeles and New York City – will serve as directors of the DAS.
Gunderson brings more than 10 years of experience in the finance industry to his new position as Director. Most recently, he was a Principal with Highland Advisory Partners. Throughout his career, Gunderson has originated, underwritten, structured and funded more than $5 bil of commercial real estate loans. He also served as a vice president at J.P. Morgan. Before that, Gunderson held positions at RBS Greenwich Capital and Credit Suisse First Boston.
Schiavo has more than 15 years of experience in commercial real estate finance and securitization. Prior to co-founding Highland, she was a Managing Director with Bear Sterns (now J. P. Morgan). Schiavo has also worked for Smith Barney and PaineWebber.
Sullivan has 10 years of experience in the finance industry, eight of which were spent as a commercial real estate debt provider in the United States, Europe and Asia. Sullivan has expertise in originating, underwriting, structuring and funding more than $5 bil in loans. Most recently, he was a Vice President at Deutsche Bank. He has also worked at RBS Greenwich Capital and PriceWaterhouseCoopers.
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