Forman Capital, a direct lender for commercial real estate throughout the U.S., announced today that CORY RING has joined the company as an Associate and RICK GROW as Senior Financial Analyst.
Prior to joining Forman Capital, Mr. Ring worked for KPMG in its Economic and Valuation Services Group. During his time with KPMG he prepared and assisted in valuation and consulting studies involving various commercial real estate property types including multifamily, hotels, office, industrial, retail, residential developments, mixed-use, and undeveloped land. Previously, he was a commercial real estate sales associate with Marcus & Millichap and an acquisitions analyst for Global Tower Partners, the largest privately owned telecommunications tower operator in the U.S. Mr. Ring graduated from the University of Colorado at Boulder with a Bachelor of Arts and Science in Economics.
Rick Grow previously served as a managing partner at Armata Holdings where he focused on the acquisition and management of Class A commercial properties throughout Florida. Earlier in his career, he was an investment banking associate at Alternative Investment Resource in Chicago working in the firm’s real estate capital markets practice. Mr. Grow earned a Masters of Science degree in Real Estate Finance and Investment, with distinction, from New York University, and a Bachelor of Arts in Communications from Michigan State University. He is an Executive Committee member of the Hanley Center Foundation’s Mangrove Group and active in the NYU Alumni Club in South Florida.
Forman Capital, a direct lender for commercial real estate located throughout the United States, specializes in providing bridge and subordinated debt from $5MM to $25MM with a focus on transitional assets, performing and nonperforming note acquisitions and special situations, including distressed debt and equity. Since 2004, Forman Capital has provided creative and reliable capital solutions to its middle market clients across a diverse range of real estate asset classes and transaction types. For more information about this or other recent transactions, please contact NANCY HIRSCHBACH, 561-578-8634 or nhirschbach@formancap.com
CAROL MOROCO – CNLBank is pleased to announce it has hired Carol Moroco to join its Fort Lauderdale team. Carol brings extensive experience in lending and a proven record of building relationships with businesses and customers. Carol is a veteran banker with over 28 years of commercial and consumer banking experience. Carol has worked for Seaside National Bank & Trust, PNC and Bank of America. She received her initial credit training with PNC Bank in Pittsburgh. Carol’s approach to business lines up very well with the Bank’s commitment to hiring experienced, successful bankers who can provide value-added service and advice to clients.”
“We’re really excited to welcome Carol as the newest member of the CNLBank team,” said Nancy Robin, CNLBank’s South Florida President. “She comes to us with almost 30 years of experience in the industry. We believe banking is personal. Scarce in banking today is the seasoned banker – a person who lives in the market, is engaged in the community, is accessible to the customer, and has the authority to make decisions. All those qualities can be found in Carol,” added Nancy. As a Vice President and Commercial Relationship Manager at CNLBank, Carol will be will be responsible for helping the bank grow its commercial lending portfolio, by utilizing her years of experience and expansive contact list.
MICHAEL BOGGIANO has joined ReadyCap Commercial, LLC. ReadyCap is a nonbank principal lender offering nationwide financing ($500K-$5M) for small balance commercial properties. Programs include: Commercial Investment, Owner Occupied, SBA (7A and 504), Multi-Family, Bridge-Maximum Loan Amount $10M, Foreign Nationals. ReadyCap is backed by Waterfall Asset Management, LLC, a hedge fund based in New York City with approximately $2 billion under management with a focus on structured credit and non-performing loan investment strategies. Contact Mike directly at 954-980-4757 for additional information.
ADAM VON ROMER, CCIM. Long time south Florida commercial real estate broker Adam P. Von Romer, CCIM has joined The Fitzgerald Group as a senior investment sales associate. Von Romer has been in the real estate business 30 years and specializes in the sale of industrial and office investment properties. Von Romer has been a real estate instructor, mortgage broker, mortgage broker instructor, and has obtained the CCIM designation from the National Association of Realtors, Investment Real Estate Institute. He is joined by his associate Mario Abati and his daughter Carmen Von Romer. Contact Adam directly at 954-760-9300 for additional information.
PHILIP CARROLL – Phil joined Grandbridge on July 2nd to open an office in Miami to serve southeast Florida. Grandbridge is a Fannie Mae DUS lender, a Freddie Mac and FHA Lender, as well as a correspondent lender for more than ten life companies. Grandbridge also has a proprietary loan program offering non-recourse bridge loans up to $40 million. Call Phil for info 305-523-1812.
