Trending...
- Abusive Russian to face Pro Wrestling Legend!
- Southern California Real Estate Agent Promotes Homes To MORE Buyers For MORE Money
- Can Massage Therapy Be an Effective Treatment for Long Haul COVID?
Los Angeles-based real estate merchant bank expects to originate $500 million on behalf of capital providers
LOS ANGELES - iSportsWire -- Dekel Capital has launched Dekel Correspondent Lending (DCL), which on behalf of capital providers including a global asset manager and large European bank, will originate balance sheet and CMBS loans for the acquisition, refinancing and recapitalization of commercial real estate assets including build-to-rent and single family rentals. Real estate finance veteran Vishal Vanjani joins the firm as Managing Director to lead the new initiative along with Ben Markiles who joins the firm as Associate, announced Dekel Capital Principal and Founder Shlomi Ronen.
DCL adds to the Los Angeles-based real estate merchant bank's suite of services that provide real estate investors and owners with financial solutions across the entire capital stack including permanent loans, B-notes, mezzanine financing, preferred equity and joint venture equity.
"Vishal and Ben bring to Dekel a variety of special lender relationships that most borrowers and brokers don't have access to," said Ronen. "We expect to originate approximately $500 million through our DCL platform and combined with our debt advisory and JV equity services, we will help our clients manage the current crisis, take advantage of the market dislocation and prepare for the future."
More on iSports Wire
"Unlike other correspondent programs that are generally focused on 'in-the-box' financing, we will be able to originate in-house a variety of non-recourse loans with short-term, floating-rate and long-term, fixed rate capital," added Vanjani. "Our partners are looking to us to bring them opportunities with strong underlying dynamics in need of intelligent and patient capital. Being part of Dekel allows us to do that. Working with Shlomi and his team, we will be able to structure financing for the most complex transactions."
Vanjani and Markiles come to Dekel from CION Investments, where they ran the alternative investment manager's real estate capital markets program.
Vanjani has originated more than $15 billion over the course of his 28-year career in real estate finance, most notably running West Coast operations for Natixis and Pacific Western Bank (formerly CapitalSource). Prior to CION, he was President of Greenbridge Finance, the financing arm of Greenbridge Management. Vishal earned a B. S. in Business Administration with an emphasis in Real Estate Finance from the University of Southern California where he continues to serve as a board member of and an active participant in the USC Lusk Center for Real Estate.
More on iSports Wire
Markiles began his career at Deutsche Bank originating CMBS and bridge debt out of the firm's Los Angeles office. He later joined LoanCore Capital in its San Francisco office assisting in the origination of real estate debt across the United States. A graduate of Tufts University with a B.S. in Quantitative Economics, Markiles has originated approximately $2 billion over the course of his career.
About Dekel Capital
About Dekel Capital
Dekel Capital is a Los Angeles-based real estate merchant bank with proven expertise in capital market advisory and private equity in commercial real estate. The firm serves an elite group of commercial real estate operators, investors and developers with an exclusive, boutique approach, allowing them to create tailored solutions that address unique capital challenges. For more information, please visit http://www.dekelcapital.com.
DCL adds to the Los Angeles-based real estate merchant bank's suite of services that provide real estate investors and owners with financial solutions across the entire capital stack including permanent loans, B-notes, mezzanine financing, preferred equity and joint venture equity.
"Vishal and Ben bring to Dekel a variety of special lender relationships that most borrowers and brokers don't have access to," said Ronen. "We expect to originate approximately $500 million through our DCL platform and combined with our debt advisory and JV equity services, we will help our clients manage the current crisis, take advantage of the market dislocation and prepare for the future."
More on iSports Wire
- 24th Annual Super Bowl Soulful Celebration Returns On Feb. 8 With Patti LaBelle, Israel Houghton & The Players Choir, Honoring NFL QB Jalen Hurts
- Orbex to Exhibit as Diamond Sponsor at the Fintech & Crypto Summit Bahrain, 2023
- Photography Book Makes Black History Month Fun
- Historic Groundbreaking Documentary About Women Marathoners Released for Black History Month
- 3DMyRental Launches Professional 3D Floor Plan Services for Airbnb Hosts: A Game-Changing Solution for Property Rentals
"Unlike other correspondent programs that are generally focused on 'in-the-box' financing, we will be able to originate in-house a variety of non-recourse loans with short-term, floating-rate and long-term, fixed rate capital," added Vanjani. "Our partners are looking to us to bring them opportunities with strong underlying dynamics in need of intelligent and patient capital. Being part of Dekel allows us to do that. Working with Shlomi and his team, we will be able to structure financing for the most complex transactions."
Vanjani and Markiles come to Dekel from CION Investments, where they ran the alternative investment manager's real estate capital markets program.
Vanjani has originated more than $15 billion over the course of his 28-year career in real estate finance, most notably running West Coast operations for Natixis and Pacific Western Bank (formerly CapitalSource). Prior to CION, he was President of Greenbridge Finance, the financing arm of Greenbridge Management. Vishal earned a B. S. in Business Administration with an emphasis in Real Estate Finance from the University of Southern California where he continues to serve as a board member of and an active participant in the USC Lusk Center for Real Estate.
More on iSports Wire
- Best Online End-Of-Season Clearance Sale at Sunber Hair: $56 For A Lace Wig
- UNice Hair Partners With Awin Affiliate Marketing Network To Accelerate Business Growth
- My Lineage Proudly Supports Knights of Heroes
- The Town Of Sun Village California Makes History As The First Black Tribal Township In North America
- Flawless Torres ft. Diamonique x Sean Kingston Releases "Lets Go" on 1/27/23!
Markiles began his career at Deutsche Bank originating CMBS and bridge debt out of the firm's Los Angeles office. He later joined LoanCore Capital in its San Francisco office assisting in the origination of real estate debt across the United States. A graduate of Tufts University with a B.S. in Quantitative Economics, Markiles has originated approximately $2 billion over the course of his career.
About Dekel Capital
About Dekel Capital
Dekel Capital is a Los Angeles-based real estate merchant bank with proven expertise in capital market advisory and private equity in commercial real estate. The firm serves an elite group of commercial real estate operators, investors and developers with an exclusive, boutique approach, allowing them to create tailored solutions that address unique capital challenges. For more information, please visit http://www.dekelcapital.com.
Source: Dekel Capital
0 Comments
Latest on iSports Wire
- New Cincinnati Bengals Playoff Win Has Fans Buying Sweatshirts, Hats, TShirts And Other Items
- "Boca's Best Body" competition Presented by The Berman Team
- ATM Processing Provider DNS Certifies Just.Cash Bitcoin Program
- Hyderabad Approves Richardson | Danner Master Plan
- Seasoned Risk Stalwart Brian Hughes Joins Scienaptic As An Investor And Advisor
- Tobu Railway Begins Selling Mobile Version of NIKKO PASS Via Klook
- Engine Prelubrication Systems Saves Money on both large and small engines
- Bjj News: 10 ways to get really good at Brazilian Jiu Jitsu fast
- Orbital Media's 1st Annual Chili Cook-Off
- December 2022 Financial Market Review
- Mondo announces new track and field scholarships in Lauren McCluskey's name
- Veterans For Trump endorsements of Joe Kent for congress, Kelli Ward for RNC and Salleigh Grubbs for GOP
- Black Female-Owned Sneaker Brand, TRONUS, Signs 13 NIL Athletes with Fraction Partnership
- TenCate Advanced Armor presents the Cratus™ Wave, a thinner Level III ballistic plate
- 360 Protective Solutions on the Importance of Executive Protection For Executives and VIPs
- Kidly Combines Tech with Timely Themes on Children's Reading Platform App
- Swapifly Wins Fintech Award for "Best Artificial Intelligence Classified Platform" in 2022
- Terry Hendricks Honored by DFW Real Producers as Top 1% Realtor
- "Breaking Three Hours-Trailblazing African American Women Marathoners" Available on Prime Video
- Jeron Pro-Alert™ Area of Rescue System is First to Reach UL2525 Listing