Commercial and Multifamily People in the News May 18, 2023
(Jason Kaye)
Jason Kaye Joins Greystone Housing Impact Investors to Originate Tax-Exempt Financings
Greystone Housing Impact Investors announced Jason Kaye joined as a Managing Director.
Based in Ft. Lauderdale, Fla., Kaye will focus on originating and structuring tax-exempt loan and bond financing transactions, including construction financing, for affordable multifamily and Low-Income Housing Tax Credit properties.
Prior to joining GHI, Kaye was a Senior Vice President at Regions Bank where he handled debt and tax credit equity, transaction structuring and loan executions for local and national affordable housing developers. He has also served as a Senior Vice President at Bank of America in Community Development Banking, originating and structuring affordable housing debt and equity. He also previously worked at Citigroup Global Markets. He began his career with the New York City Economic Development Corp.
Kaye earned a Bachelor’s Degree from Binghamton University, a Master’s of Regional Planning from Cornell University and a Master’s Degree in Real Estate Finance from New York University. He currently holds Series 52, Series 7 and Series 63 licenses.
KBRA Announces Key Management Appointments
KBRA, New York, named Rosemary Kelley Head of Structured Finance Business Development. In this newly created role, she will lead KBRA’s business development effort for the ABS, CMBS and RMBS sectors.
In addition to Structured Finance, Kelley will also cover Transportation and Project Finance. She joined KBRA in 2011 as Co-Head of U.S. ABS, where she played a leading role in the development and implementation of the firm’s ABS methodologies and ratings and lead the firm’s analytical efforts in Consumer ABS, prior to her appointment to Global Head of ABS in July 2019.
Eric Neglia will succeed Kelley as Global Head of ABS. In his new position, he will be responsible for all facets of KBRA’s ABS analytical effort, including credit rating methodologies, rating assignment processes, and surveillance. Neglia has served as KBRA’s Head of Consumer and Commercial ABS since July 2022, and prior to that led the organization’s Consumer ABS effort. Over his eight-year tenure, he has made significant contributions to enhancing KBRA’s ABS analytical efforts in regard to both existing and emerging asset classes, while maintaining the transparency and timeliness for which the firm is recognized. Prior to joining KBRA in 2015, Neglia was Head of Operational Risk Management at MasterCard Worldwide and also spent 15 years at MBIA Insurance Corporation, where he underwrote consumer ABS transactions.
As part of the management changes, Jason Lilien, Senior Managing Director of Business Development, will maintain oversight of KBRA’s growing Structured Credit and CLO Business Development efforts. Lilien also leads other business development efforts across numerous Corporate, Financial, and Government units including banks, asset managers, BDCs, corporates, insurance and funds. Prior to joining KBRA in 2018, Lilien spent 14 years at Goldman Sachs, across both the Investment Banking and Sales & Trading divisions. Lilien and Kelley report to Dana Bunting, Co-Head of Global Business Development and Neglia reports to Eric Thompson, Global Head of Structured Finance Ratings.
Berkadia Adds Two Senior Managing Directors to Co-Lead San Diego and Orange County Offices
Berkadia added Senior Managing Directors Kevin Mignogna and Charlie Haggard.
Both Mignogna and Haggard join Berkadia from Newmark, where they provided their clients with over $15 billion in multifamily debt and equity financing, while receiving numerous industry accolades. Both also served terms on Freddie Mac’s Advisory Council.
At Newmark, Haggard held the position of Vice Chairman – Debt & Structured Finance, Multifamily Capital Markets. Prior to Newmark, Haggard was a founding partner and Chief Operating Officer of Westar Housing. Westar Housing was formed in January 2009 with a focus on developing and acquiring student housing and conventional multifamily projects in high barrier to entry markets in central and southern California.
Mignogna held the position of Vice Chairman – Debt & Structured Finance, Multifamily Capital Markets at Newmark. Prior to Newmark, Mignogna led Berkshire Property Advisors’ (now known as Berkshire Residential Investments) Western U.S. acquisitions team, acquiring several hundred million dollars of multifamily real estate and debt.
