Newmark Capital Markets is pleased to announce that Executive Managing Directors Mike Doyle, Dave Cederlund and Jamie Wolfe, along with Senior Financial Analyst Chris Minor, have joined the firm’s Boston office, forming the Corporate Capital Markets Practice Group (CCM). CCM will serve the firm’s domestic and international corporate occupier and property-owning clients.
The team joins Newmark Capital Markets from Lighthouse Asset Finance, LLC (Lighthouse), an innovative, market-leading structured corporate finance platform. Doyle, Cederlund and Wolfe formed Lighthouse in late 2016 after working together for more than 25 years in leasing and asset finance at Mitsubishi UFJ Financial Group (MUFG) and its predecessor companies. Since 2012, the team has closed over 85 financing transactions totaling over $7.5 billion in asset value. In recent years, the team has focused on financing corporate real estate assets and has developed unique financing solutions that produce value-added results for both corporate occupiers and property owners. A main area of focus has been on originating, structuring, syndicating, and executing synthetic lease and finance lease structures for single-tenant properties occupied by high credit quality tenants who seek to minimize the impact of their occupancy strategies on their financial statements. These structures are particularly beneficial in view of the new lease accounting standards which become effective January 1, 2019. In addition, the team is highly experienced in arranging a wide spectrum of corporate credit-based real estate financing structures, including credit tenant leases (CTLs), lease enhancement structures, secured debt, sale/leasebacks, and like kind exchanges.
“We are excited to join and work with the growing and dynamic Newmark Capital Markets team and their affiliate Cantor Fitzgerald,” said Doyle. “The Newmark Capital Markets brand, collaborative approach and commitment to its clients is a natural fit for our team’s focus on providing pro-active and strategic financing solutions. We are pleased to be able to establish CCM and look forward to helping the firm achieve its goal of being the premier global commercial real estate services company.”
“We are highly confident about the prospects for this innovative team to leverage the Newmark Capital Markets platform and deliver differentiated financing solutions for our corporate occupier and property owning clients,” said Newmark Chief Executive Officer Barry Gosin. “This team possesses the entrepreneurial character and strategic orientation that is necessary to succeed in this business.”
“Having a dedicated and experienced national CCM provides Newmark Capital Markets with another valuable tool for our clients,” said Newmark Capital Markets Co-Head of U.S. Capital Markets Robert Griffin. “Adding their technical expertise will augment our structuring capabilities and capital access for our global client base. It’s another win for the firm’s growing capital markets division.”
About Newmark Capital Markets
Newmark Capital Markets, operated by Newmark Group, Inc., is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, our 15,000 professionals operate from more than 400 offices in established and emerging property markets on six continents.
We provide access to a wide range of services, including asset sales, sale leasebacks, mortgage and entity-level financing, equity raising, underwriting and due diligence. The transactions we broker involve vacant land, new real estate developments and existing buildings. We specialize in arranging financing for most types of value-added commercial real estate, including land, condominium conversions, subdivisions, office, retail, industrial, multifamily, student housing, hotels, data center, healthcare, self-storage and special use. For further information, visit www.ngkf.com/capitalmarkets.
Newmark Group, Inc., which is listed on the NASDAQ Global Select Market under the symbol “NMRK”, is a publicly traded subsidiary of BGC Partners, Inc. (“BGC”), a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol “BGCP”. BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol “BGCA”.
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