Guggenheim Hires Seven Loan Pros
4/1/2011
Guggenheim Partners recruited seven mortgage pros in recent weeks. The hiring spree is part of a move into commercial MBS lending and an expansion of the Chicago firm’s balance-sheet lending.
Rich Kirikian joined last month as a managing director and co-head of origination. The other co-head, Kieran Quinn, joined in February.
Kirikian was formerly co-head of origination at Bear Stearns and assumed the same role at J.P. Morgan when that firm took over Bear. He earlier worked at Morgan Stanley, spending a combined 17 years at the three firms.
Michelle Paretti also began last month as managing director and chief operating officer of the group. She previously spent 12 years at Credit Suisse and Donaldson, Lufkin & Jenrette, which Credit Suisse acquired in 2000.
Kirikian and Paretti report to Rob Brennan, head of the commercial real estate finance group. Brennan, who joined Guggenheim last May, was global head of CMBS at Credit Suisse before the downturn.
Joe Laderer signed on last month as head of West Coast originations. He previously had stints at Deutsche Bank, Nomura and Credit Suisse. Elizabeth Pratt started around the same time as a director in charge of originations in New York. She formerly worked at J.P. Morgan and Bear. Laderer and Pratt report to both Quinn and Kirikian.
Susana Iannicelli and Gregory Dineen were named vice presidents, reporting to Paretti. Iannicelli is head of closings. She previously held a similar position at Credit Suisse for small-balance and healthcare loans. Dineen will work on loan underwriting and activities related to Guggenheim real estate funds. He spent the past six years at Credit Suisse. Iannicelli joined last month, and Dineen starts this month.
Howard Katz was hired last month as a director of Pillar Multifamily, a Guggenheim affiliate that is an approved Fannie Mae lender. Katz, who previously worked at MFP Real Estate, Wachovia and Credit Suisse, reports to Rob Russell. Guggenheim moved into the agency-lending business last year when it acquired Bulls Capital Partners of Vienna, Va. Bulls was renamed Pillar.
All of the new staffers are based in New York except Laderer, who works out of Irvine, Calif.
Originally posted in Commercial Mortgage Alert.
Investor interest in the Seattle apartment market continues to grow and MG Properties Group is among the latest to snap up a property. The company purchased the 146-unit Park at Northgate from Triad Villa Roma L.L.C. for $22.3 million.
Guggenheim Partners has hired veteran lender Kieran Quinn as it prepares to expand its fledgling loan platform beyond agency product to securitized mortgages.
Guggenheim Partners announced that it has formed a new commercial real estate entity called Pillar Multifamily and has acquired certain assets and assumed certain liabilities of Bulls Capital Partners, a Fannie Mae Delegated Underwriting and Servicing multifamily lender.
Moving into the agency-lending business, Guggenheim Capital has struck a deal to buy Bulls Capital Partners, one of the select lenders pre-approved to originate loans for sale to Fannie Mae.