Cantor, CIM launch national real estate lending venture

TRD MIAMI /
Aug.August 12, 2010 12:45 PM

Anthony Orso

Cantor Fitzgerald said it launched a new real estate lending venture with Los Angeles-based CIM Group, planning to originate $5 billion a year in mortgage and mezzanine loans.

The business, called Cantor Commercial Real Estate, will focus on a wide variety of loans in major urban markets across the country. The loans will cover office, retail, multi-family and hospitality, according to a source who asked not to be identified.

“CCRE is in the process of evaluating lending opportunities to securitize loans,” the source told The Real Deal.

Anthony Orso, executive managing director of Manhattan-based Cantor, will lead the new business as CEO. Orso will work alongside the new venture’s two other founding partners Steve Kantor, global head investment banking at Cantor, and Michael Lehrman, deputy head of investment banking at Cantor. The three executives worked together at Credit Suisse’s real estate lending business for 10 years prior to joining Cantor.

CIM Group, a fund manager that specializes in urban investments, is the lead investor in the venture.

Cantor officials pointed out in a news release that the origination of commercial mortgage-backed securities fell from $230 billion a year at the peak of the real estate boom in 2007 to about $3 billion in 2009. The company notes that borrowers will need to refinance about $1.4 billion in maturing real estate debt over the next five years.


Related Articles

arrow_forward_ios
Vladislav Doronin (Credit: Gesi Schilling via Wikipedia)

Billionaire developer Doronin buys Fort Lauderdale assemblage for $63M

Billionaire developer Doronin buys Fort Lauderdale assemblage for $63M
Seth Wise, Co-CEO of The Altman Companies, Altís Ludlam Trail

Altman scores $55M construction loan for Ludlam Trail project

Altman scores $55M construction loan for Ludlam Trail project
Joseph Swedroe (Corcoran, iStock)

Corcoran agent in Miami loses job over “racist and fear-based” marketing

Corcoran agent in Miami loses job over “racist and fear-based” marketing
Vanessa Grout with Vladislav Doronin

Vanessa Grout leaves Ugo Colombo’s firm to lead OKO Group’s real estate arm

Vanessa Grout leaves Ugo Colombo’s firm to lead OKO Group’s real estate arm
Rendering of the project with Jon Paul Pérez (top) and Jorge Pérez 

Related switches gears on Terminal Island project, now plans low-rise offices

Related switches gears on Terminal Island project, now plans low-rise offices
Edgardo Defortuna and a rendering of La Playa de Varadero

Not stopping for the pandemic: Fortune, Château could launch Sunny Isles project by year-end

Not stopping for the pandemic: Fortune, Château could launch Sunny Isles project by year-end
Richard Branson (Credit: Virgin, Cindy Ord/Getty Images)

Virgin Trains seeks $350M to build five stations in Miami-Dade

Virgin Trains seeks $350M to build five stations in Miami-Dade
Easton Group picks up land in Hialeah Gardens for $8M

Easton Group picks up land in Hialeah Gardens for $8M

Easton Group picks up land in Hialeah Gardens for $8M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...