Home > News > featured news > SitusAMC Expands European Servicing Business to Include Direct Debt

REAL ESTATE TECHNOLOGY

SitusAMC Expands European Servicing Business to Include Direct Debt

SitusAMC | August 10, 2021

SitusAMC, one of the largest independent, rated commercial real estate primary and special servicers in Europe, announced the expansion of the firm's servicing business in Europe to include corporate direct debt, infrastructure and social housing loans. SitusAMC currently services 67 billion euros in commercial real estate loans with assets located in 18 countries through Europe for banks, insurance companies, funds, and private equity firms.  Alfonso Pagano has been hired as Director, reporting to SitusAMC's Executive Managing Director and Head of Europe, Lisa Williams, and will oversee the new business segment.

In addition to loan servicing, SitusAMC also provides loan asset management, loan advisory and valuation services to its clients in Europe. With the expansion, SitusAMC will offer loan agency and loan administration services for corporate, infrastructure and social housing related loans.

"Many of our European clients also provide corporate lending through direct lending platforms," said Williams. "As organisations look to streamline their operations with partners who can provide more comprehensive support, we saw an opportunity to leverage our proven experience in commercial real estate debt to provide a more efficient and effective way for to service a broader range of loans, including direct debt."

Pagano, who joined the firm on July 29, brings more than 15 years of experience in servicing debt, including leadership roles at top global financial institutions such as BNP Paribas Securities Services, The Bank of New York Mellon and ABN AMRO. Most recently, Pagano worked as a commercial director in the capital markets services team at TMF Group. He has a master's degree in international economics and currency markets from Parthenope University in Italy.

"This is a great opportunity to be a part of the expansion of SitusAMC's servicing business into corporate loan servicing. SitusAMC has a strong reputation in the market, a passionate team of experts, and a client list that includes some of the leading organisations in the region," stated Pagano. "I look forward to leading SitusAMC's entry into this new service offering and delivering value for everyone we proudly serve."

About SitusAMC 

SitusAMC is the leading independent provider of technology, strategic outsourcing, talent and advisory solutions to the commercial and residential real estate finance industries. The company helps clients identify and capture opportunities in their real estate businesses through industry-leading services and innovative technologies that drive operational efficiency, increase business effectiveness, and improve market agility across the entire lifecycle of their global real estate activity.

Spotlight

How to Create Points of Difference in Commercial Real Estate

In today's video you can see how to develop points of difference in your commercial real estate marketing. Brokers and agents can improve their business with these valuable ideas.

More featured news

Spotlight

How to Create Points of Difference in Commercial Real Estate

In today's video you can see how to develop points of difference in your commercial real estate marketing. Brokers and agents can improve their business with these valuable ideas.

Related News

REAL ESTATE TECHNOLOGY

Haute Residence Real Estate Network's Partnership with Clara Hartree Continues

Haute Residence | April 26, 2021

Haute Residence is pleased to announce the continuation of its partnership with renowned real estate agent Clara Hartree as its representative in the West Vancouver, British Columbia real estate industry. Clara is now in her second year as a member of the exclusive, invitation-only network of top real estate professionals. For over thirty years, Clara Hartree has been selling real estate in British Columbia, Canada. During this time, she has built a strong reputation as a marketing leader and skilled negotiator. She continues to receive industry accolades for her achievements, and she is ranked in the top 1% of Realtors in Vancouver, as well as the top 100 RE/Max agents in North America. Clara's marketing strategy for her listings includes both local and foreign exposure. She works in British Columbia's Lower Mainland, which includes Vancouver, West Vancouver, and North Vancouver. ABOUT HAUTE RESIDENCE Haute Residence, a partnership-driven luxury real estate portal, connects its affluent readers with leading real estate experts while providing the most recent real estate news, highlighting the world's most extraordinary residences on the market, and exchanging expert tips from its insightful and seasoned real estate partners. The invitation-only premium real estate network unites a distinguished group of top real estate agents and brokers and showcases the most extravagant properties in leading markets around the world for affluent buyers, sellers, and real estate enthusiasts. HauteResidence has established itself as the leading news outlet for million-dollar listings, high-end residential developments, celebrity real estate, and more.

Read More

REAL ESTATE INVESTMENT

JLL arranges $690M financing for 44-property industrial portfolio

JLL | December 02, 2021

JLL announced today that its Capital Markets group has arranged a $690 million financing for a portfolio of 44 net-leased industrial, office and data center properties totaling 6.85 million square feet in high-growth markets across the United States. JLL worked on behalf of the borrower, Blackstone Real Estate Income Trust (BREIT), to place the two-year, floating-rate, non-recourse loan with Wells Fargo Bank. The financing comprises a term loan and a revolving credit facility. Additionally, the New York Agency of Singapore-based United Overseas Bank (UOB) joined the financing, committing half of the arranged capital post-closing. The portfolio consists of single- and multi-tenant mission-critical assets with diverse functions that include warehouse, bulk warehouse, light industrial, office, laboratory, truck terminal, data center and raw land. With an average age of 17 years, the properties feature an average clear height of 28 feet, 87 suites and 1,148 dock doors. It is more than 80% leased to industry-leading tenants with a proven history of significant tenant investment and that represent a diverse range of industries, including e-commerce, web services, pharmaceuticals and logistics. Situated on a total of nearly 611 acres, the portfolio properties are in 10 states in high-growth, highly connected markets such as Raleigh-Durham and Greensboro, North Carolina; Boston, Massachusetts; El Paso, Texas; Atlanta, Georgia; Chicago, Illinois; Salt Lake City, Utah; and Minneapolis, Minnesota. JLL's Capital Markets debt advisory team representing the borrower was led by Executive Managing Director Trey Morsbach, Managing Director Michael Cosby and Analysts Bo Beidleman and Ryan Pollack. JLL's Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries. About JLL JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion, operations in over 80 countries and a global workforce of more than 95,000 as of September 30, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated.

Read More

REAL ESTATE INVESTMENT

Township Capital and Lloyd Jones Acquire Senior Living Community in Lincoln, Nebraska

Township Capital | March 03, 2022

Township Capital and Lloyd Jones announce the acquisition of Woodlands at Hillcrest; an 89-unit, 93-bed assisted living and memory care community located in Lincoln, NE. This marks the first partnership between Township Capital and Lloyd Jones."We are proud to be a part of this new partnership with Lloyd Jones, Senior living continues to be a core sector for Township, with a growing senior population, the need for senior housing will continue to be a necessity." Matthew Gorelik, CEO at Township Capital. About Woodlands at Hillcrest Woodlands at Hillcrest is the newest senior living community in Lincoln, opening its doors in 2018. The community offers modern luxury services to residents including transportation, a variety of classes and wellness programs, personal housekeeping, laundry and linen services and state-of-the-art amenities. The Lincoln market has seen high absorption, proven by Woodlands currently occupation of 94%. About Township Capital, LLC Township Capital, LLC is a leading co-GP real estate investment firm headquartered in Beverly Hills, CA. Founded by CEO Matthew Gorelik in 2014, the firm has experience investing across all major property types with a specialty in student housing, senior living, multifamily, and industrial. About Lloyd Jones Lloyd Jones LLC is a real estate investment firm with 40 years in the industry under the continuous direction of Chairman/CEO, Christopher Finlay. Based in Miami, the firm specializes in multifamily and senior housing investment, development, and management. It has recently added a hotel acquisition division. Investment partners include private and institutional investors and family offices around the world.

Read More

REAL ESTATE TECHNOLOGY

Haute Residence Real Estate Network's Partnership with Clara Hartree Continues

Haute Residence | April 26, 2021

Haute Residence is pleased to announce the continuation of its partnership with renowned real estate agent Clara Hartree as its representative in the West Vancouver, British Columbia real estate industry. Clara is now in her second year as a member of the exclusive, invitation-only network of top real estate professionals. For over thirty years, Clara Hartree has been selling real estate in British Columbia, Canada. During this time, she has built a strong reputation as a marketing leader and skilled negotiator. She continues to receive industry accolades for her achievements, and she is ranked in the top 1% of Realtors in Vancouver, as well as the top 100 RE/Max agents in North America. Clara's marketing strategy for her listings includes both local and foreign exposure. She works in British Columbia's Lower Mainland, which includes Vancouver, West Vancouver, and North Vancouver. ABOUT HAUTE RESIDENCE Haute Residence, a partnership-driven luxury real estate portal, connects its affluent readers with leading real estate experts while providing the most recent real estate news, highlighting the world's most extraordinary residences on the market, and exchanging expert tips from its insightful and seasoned real estate partners. The invitation-only premium real estate network unites a distinguished group of top real estate agents and brokers and showcases the most extravagant properties in leading markets around the world for affluent buyers, sellers, and real estate enthusiasts. HauteResidence has established itself as the leading news outlet for million-dollar listings, high-end residential developments, celebrity real estate, and more.

Read More

REAL ESTATE INVESTMENT

JLL arranges $690M financing for 44-property industrial portfolio

JLL | December 02, 2021

JLL announced today that its Capital Markets group has arranged a $690 million financing for a portfolio of 44 net-leased industrial, office and data center properties totaling 6.85 million square feet in high-growth markets across the United States. JLL worked on behalf of the borrower, Blackstone Real Estate Income Trust (BREIT), to place the two-year, floating-rate, non-recourse loan with Wells Fargo Bank. The financing comprises a term loan and a revolving credit facility. Additionally, the New York Agency of Singapore-based United Overseas Bank (UOB) joined the financing, committing half of the arranged capital post-closing. The portfolio consists of single- and multi-tenant mission-critical assets with diverse functions that include warehouse, bulk warehouse, light industrial, office, laboratory, truck terminal, data center and raw land. With an average age of 17 years, the properties feature an average clear height of 28 feet, 87 suites and 1,148 dock doors. It is more than 80% leased to industry-leading tenants with a proven history of significant tenant investment and that represent a diverse range of industries, including e-commerce, web services, pharmaceuticals and logistics. Situated on a total of nearly 611 acres, the portfolio properties are in 10 states in high-growth, highly connected markets such as Raleigh-Durham and Greensboro, North Carolina; Boston, Massachusetts; El Paso, Texas; Atlanta, Georgia; Chicago, Illinois; Salt Lake City, Utah; and Minneapolis, Minnesota. JLL's Capital Markets debt advisory team representing the borrower was led by Executive Managing Director Trey Morsbach, Managing Director Michael Cosby and Analysts Bo Beidleman and Ryan Pollack. JLL's Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries. About JLL JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion, operations in over 80 countries and a global workforce of more than 95,000 as of September 30, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated.

Read More

REAL ESTATE INVESTMENT

Township Capital and Lloyd Jones Acquire Senior Living Community in Lincoln, Nebraska

Township Capital | March 03, 2022

Township Capital and Lloyd Jones announce the acquisition of Woodlands at Hillcrest; an 89-unit, 93-bed assisted living and memory care community located in Lincoln, NE. This marks the first partnership between Township Capital and Lloyd Jones."We are proud to be a part of this new partnership with Lloyd Jones, Senior living continues to be a core sector for Township, with a growing senior population, the need for senior housing will continue to be a necessity." Matthew Gorelik, CEO at Township Capital. About Woodlands at Hillcrest Woodlands at Hillcrest is the newest senior living community in Lincoln, opening its doors in 2018. The community offers modern luxury services to residents including transportation, a variety of classes and wellness programs, personal housekeeping, laundry and linen services and state-of-the-art amenities. The Lincoln market has seen high absorption, proven by Woodlands currently occupation of 94%. About Township Capital, LLC Township Capital, LLC is a leading co-GP real estate investment firm headquartered in Beverly Hills, CA. Founded by CEO Matthew Gorelik in 2014, the firm has experience investing across all major property types with a specialty in student housing, senior living, multifamily, and industrial. About Lloyd Jones Lloyd Jones LLC is a real estate investment firm with 40 years in the industry under the continuous direction of Chairman/CEO, Christopher Finlay. Based in Miami, the firm specializes in multifamily and senior housing investment, development, and management. It has recently added a hotel acquisition division. Investment partners include private and institutional investors and family offices around the world.

Read More

More featured news