Cantor Commercial Real Estate, a Midtown Manhattan-based affiliate of global financial services firm Cantor Fitzgerald L.P., has recruited Deutsche Bank to aid in preparing an initial public offering.
It is unknown how much Cantor intends to raise with the IPO, which would occur later this year. Initial investors in the affiliate, a commercial property lending business, want to sell their interests. Cantor Fitzgerald owns about 11 percent of Cantor Commercial Real Estate, which was founded in 2009. Last year, the affiliate was the sixth-biggest originator of commercial mortgage-backed securities with $5.3 billion in new issues.