NEW YORK, April 1, 2014 /PRNewswire/ -- CCRE, a leading fully-integrated commercial real estate finance company, announced that Michael Lehrman, Co-Founder of CCRE, has been named Co-CEO, alongside Anthony Orso, Co-Founder who has served as CEO since the Company's founding in 2010.
CCRE's expanded leadership team reflects the Company's outstanding growth and provides added depth as CCRE continues to expand its current lending and securitization platform, integrate recent acquisitions and create new opportunities for further growth.
Mr. Lehrman said, "I am excited about the prospects ahead. Together with Anthony, we are superbly positioned to continue growing our core lending business and to build upon our multi-family business, net lease business, floating rate transitional lending business, and servicing platform, both organically and through strategic acquisitions."
Mr. Orso said, "I am delighted that Michael is joining me as Co-CEO. We've worked together for many years, and his vast experience in the real estate marketplace and vision for CCRE's growth represent tremendous assets and advantages for CCRE, our clients, and our stakeholders."
CCRE originates competitively underwritten fixed- and floating-rate mortgages and mezzanine loans secured by diverse asset types. It has closed over $12 billion in loans since it began in 2010, and now has a 10 percent share of the U.S. commercial mortgage-backed securities (CMBS) market. In 2013, CCRE ranked #1 in U.S. Multi-Borrower CMBS by balance, with over $4.5 billion in securitized loans. CCRE is capitalized by strong institutional sponsorship including affiliates of CIM Group and Cantor Fitzgerald, L.P.
CCRE has built an extensive national market presence with offices in New York, Los Angeles, San Francisco, Orange County, Chicago, Seattle, Atlanta, Dallas and Washington, D.C. CCRE recently agreed to acquire Berkeley Point, a leading multifamily agency lender offering a complete suite of Fannie Mae, Freddie Mac and FHA products and a $28 billion servicing portfolio of over 2000 loans. With Berkeley Point, CCRE will have over 15 offices and more than 300 professionals across the country. CCRE was ranked the fifth fastest growing company of 2013 by Crain's New York Business.
Mr. Lehrman currently serves as Global Head of Real Estate at BGC Partners, Inc. (NASDAQ: BGCP) and Cantor Fitzgerald & Co. Earlier, as Managing Director at Credit Suisse and Co-Head with Mr. Orso of the Credit Suisse Real Estate Direct Group, he was responsible for over $100 billion in North American real estate loan origination and over $30 billion of high yield real estate debt and equity distribution.
Mr. Lehrman is a graduate of Columbia Business School where he received an MBA in Real Estate and Finance, New York University where he received a diploma in Real Estate, and Carnegie Mellon University, where he received Bachelor of Science degrees in Industrial Management and Managerial Economics.
More information about CCRE is available at www.ccre.com.
About CCRE
CCRE is a fully-integrated commercial real estate finance company providing innovative financing solutions to the real estate capital markets. CCRE originates competitively underwritten fixed- and floating-rate mortgages and mezzanine loans secured by diverse asset types in most major U.S. markets. CCRE is capitalized by strong institutional sponsorship including affiliates of CIM Group and Cantor Fitzgerald, L.P., and is led by an experienced team of real estate professionals with extensive track records originating, structuring, managing and distributing commercial real estate loans in various economic cycles. For more information, visit www.ccre.com.
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