CBRE Hires Two to Lead New Third-Party Loan Underwriting Platform

CBRE Hires Two to Lead New Third-Party Loan Underwriting Platform
CBRE Loan Services, Los Angeles, hired Albert Picallo and Masato Inagaki to lead its newly formed third-party commercial loan underwriting and advisory platform.

Based in New York, Picallo joined as Managing Director and Head of Underwriting, with Inagaki becoming Director, Underwriting. Both founded Focal Point Capital Advisors in 2011 to provide commercial real estate loan underwriting services to institutional capital providers and owner/operators.

Through Focal Point Capital, Picallo and Inagaki have underwritten more than $10 billion in mortgage loans, mezzanine loans and equity transactions and completed transactions representing $15 billion in property value over the past nine years.

Prior to co-founding Focal Point, Picallo resolved some of the largest and most complicated assets in the Lehman Brothers bankruptcy. Prior to his work for the Lehman estate, Picallo headed the underwriting department for Lehman’s Principal Transactions Group, where he managed a staff of 20 underwriters in New York and Los Angeles and was responsible for coordinating underwriting and presenting credit recommendations to senior management.

Inagaki has more than 15 years of professional experience in commercial real estate acquisition and finance. His experience includes performing underwriting analysis and due diligence for Lehman Brothers’ Global Real Estate Group. His experience also includes valuation and underwriting of commercial real estate assets in East and Southeast Asia.

HFF Hires Gaughan
Holliday Fenoglio Fowler hired Greg Gaughan as a director focused on debt and equity placement transactions in its Atlanta office.

Gaughan has more than 12 years of capital markets experience. He joined HFF from Grandbridge Capital, where he was most recently an Assistant Vice President/Loan Originator. He began his career with Grandbridge in 2006 as a senior real estate analyst in the loan production group.

Carmel Partners Announces New Partners, Promotions in Senior Management Team
Multifamily investment firm Carmel Partners, San Francisco, announce two recent additions to the firm’s senior management team and several senior-level promotions.

Andy Sands, a veteran investor with more than 27 years of real estate experience, joined Carmel as Managing Partner, Head of Asset Management and Portfolio Strategy. Previously, he was a Managing Director at Lowe Enterprises Investors and head of its multifamily business, focused on acquiring and developing assets throughout the U.S.

Matt Golden joined Carmel as a Partner in the newly created role of General Counsel. He brings more than 25 years of experience in real estate law, having previously served as General Counsel for Beacon Capital Partners and before that as a Partner at Debevoise & Plimpton in its real estate practice.

Carmel also recognized the following senior-level promotions:
–Trey Hilberg, Head of Investments, joined Carmel in 2004 and was promoted to Partner in August 2018.
–Kim Hoeksema, Head of Development Execution, joined Carmel in 2006 and was promoted to Partner in August 2018.
–Dennis Markus, CFO, joined Carmel in 2012 and was promoted to Senior Managing Partner in March 2019.
–Liz Tennican, Head of Investor Relations and Research, joined Carmel in 2016 and was promoted to Partner in March of 2019.