New York, NY, January 24, 2013 --(PR.com
)-- ERG Property Advisors, a commercial real estate and advisory firm based in New York City, announced the creation of a new finance division to serve their client’s increasing demand for commercial mortgage brokerage and direct capital services. ERG’s newly formed finance division will provide mortgage and direct capital services from $500,000 up to $50,000,000 in the New York Metro Area.
The formation of the ERG Finance Division comes in the wake of ERG Property Advisor’s recent merger with JG Capital, LLC., a commercial mortgage brokerage firm, formed in 1993, that specialized in traditional as well as non-traditional financing. “In this market, the merger made sense because it allowed ERG to provide financing to our clients in addition to our traditional investment sales services,” says ERGPA Chairman, James V. Guarino. “By adding mortgage brokerage and direct capital services to our core business, we bridge the gap between investment sales and financing. We now have the ability to ‘keep the capital working’ for our clients.”
The acquisition brings Jason Au, former Managing Partner of JG Capital, to ERG Property Advisors. Mr. Au was appointed Partner at ERG Property Advisors and will be heading the Finance Division after he was successful in expanding his previous firm, JG Capital, LLC., to provide offerings beyond commercial direct capital services to include mortgage brokerage.
Mr. Au, who is Director of Finance at ERG Finance Division, brings with him over a decade of commercial mortgage experience. “By coming to ERG I am excited at the opportunity to provide our clients with a new means of maximizing the value of their investment properties” he says. “In addition to traditional mortgage brokerage, we also source non-traditional funding and provide direct capital services which opens up new opportunities to our clients. With financing options from $500,000 to $50,000,000 available, we have a lot of flexibility in the middle to upper market commercial finance sector.”
Also joining ERG Finance Division is Richard Dillon, recently appointed to Senior Capital Advisor at ERG. Mr. Dillon specializes in finding creative solutions for the often complex and non-traditional financing needs of his clients. “At ERG I have many tools I can provide my clients. This helps me meet even the most complex financing scenarios” says Mr. Dillon. “With these options available, I am rarely limited in my ability to find a viable financing option for my clients.”
Before joining ERG, Dillon was responsible for underwriting and processing investment real estate loans, leverage planning and property-inspections for commercial, multifamily and development transactions.
ERG Finance Division’s team also includes Douglas Blankrot, Mandeep Singh, and recently hired Joko Brownell and Timothy Torba who will be responsible for sourcing new loan requests with investors.
Now fully merged with ERG Property Advisors, ERG Finance Division’s core services are the arrangement of debt on investment real estate in the form of 1st and 2nd mortgages, mezzanine loans, and through strategic alliances with direct private lenders, the arrangement and participation of equity or joint venture deals from $500,000 to $50,000,000.
For traditional financing or direct capital services from $500M to $2MM please contact Jason Au, Director of Finance, at 646-253-0925 or at email@example.com.
For direct capital services greater than $2MM to $50MM please contact James V. Guarino, Chairman, at 646-253-0901 or email firstname.lastname@example.org.
About ERG Property Advisors
ERG Property Advisors is a full-service commercial brokerage company based in New York City. Our core activities are investment sales, mortgage brokerage and direct capital services. While focused on the broader New York City area as a company, ERG also offers specific market knowledge at the submarket level. Beyond core New York City properties, ERG’s Retail Division specializes in the disposition of commercial investment real estate property nationally with a focus on freestanding Net-Lease properties. In addition to assisting property owners and prospective buyers, ERG provides banks, appraisers, attorneys, and accountants with information and skill sets that support them in their respective roles. Through strategic alliances with select companies we are able to offer our clients access to mortgage brokerage, direct capital services and investment sales brokerage.. Visit www.ergpa.com for recent deals and press coverage.