Source: US News

Home prices closed out 2012 with solid gains, according to a prominent industry report released Tuesday, cementing the notion that a once-feeble housing recovery continues to gain momentum. “The sustained housing price increases speak to the influence of investor money in reducing inventory and triggering previously reluctant home buyers to act before prices rise beyond their affordability,” Luis Vergara, wrote managing director of New York-based Mission Capital Advisors.

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Source: Crain's

The Verizon building on West 50th Street (brokerage by Mission Capital) is one of two successful financings last month that set the stage for what is looking like a significantly healthier real estate lending market this year.

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Source: Multi Housing News

Mission Capital Advisors’ Debt and Finance Group recently added Brad Lyons and Rob Beyer as directors. MHN speaks to Lyons and Beyer about current trends regarding institutional investors in multifamily.

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Source: NYREJ profiles Mission Capital’s Managing Director Jordan Ray.

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Professional Profiles

New York Real Estate Journal January 29 – February 11, 2013 24B

Name: John Glynn

Title: President

John Glynn


Gotham Waterproofing

& Restoration

Name: David Ostrowsky

Title: Senior Loan Officer

David Ostrowsky Senior Loan Officer Investors Home Mortgage

Company: Gotham Waterproofing & Restoration

Location: 201 Wescott Drive Rahway, N.J. 07065

Place of birth: Galway, Ireland

Family: Wife, Three Children and One Grandchild

College: University College Dublin

First job unrelated to your current field: When I first arrived in NY I was a painter by day and a bartender by night

First job in current field: I was a management trainee at Garden State Brickface. I worked there for 17 years until there was no where else for me to climb to.

What your firm does now and its plans for the future? After splitting from Garden State, started commercial restoration business as Garden State Brickface was primarily residential. I would like my business to grow to where it becomes attrac- tive to sell and possibly just manage it for a few years.

Hobbies: I played Rugby for 30 years and now being a tad old for that I became a runner. I completed the marathon this year.

Favorite novel: “Liberty and Tyranny” by Mark Levin

Favorite film: “Midnight Cowboy”

Keys to success: Working hard and long hours, perseverance and high energy

Person(s) you most admire (outside of family): Donald Trump

If you had to choose a different profession, what would it be? Insurance broker

Company: Investors Home Mortgage

Location: New York City

Place of birth: South Orange, NJ

College: University of Wisconsin-Madison

First job unrelated to your current field: Spring break travel expert

First job in your current field: Mortgage broker

What your firm does now and its plans for the future? We are the second largest bank headquartered in New Jersey. Through both acquisition and organic growth, we continue to expand our presence throughout the five boroughs and Long Island. Our expansive list of loan programs, specifically those tailored for the NY jumbo market enable us to fill a vital void in today’s marketplace.

Hobbies: Spending time with family and friends, sports, reggae music

Favorite film: “The Godfather”

Keys to success: Honesty, integrity, knowledge of the business, client advocacy, building and maintaining relationships with valued business colleagues such as realtors, developers, and attorneys

Person you admire most (outside of the family): First responders and those that serve in the military

If you had to choose a different profession, what would it be? President of The

United States

Name: Jordan Ray

Title: Managing Director

Jordan Ray Managing Director Mission Capital Advisors

Name: Mark Scott

Title: Principal

Mark Scott


Commercial Mortgage Capital

Company: Mission Capital Advisors Location: 32 6th Avenue New York, NY Place of birth: Montreal, Canada

Family: Not married but in a long-term relationship.

College: Graduated from New York University’s real estate institute with a mas- ter’s degree in real estate finance and investment and from American University with a B.A. in finance.

First job unrelated to your current field: Golf course marshall.

First job in your current field: Working for a family owned development office in

Washington, D.C.

What your firm does now and its plans for the future? Mission is one of the most active loan sale advisors in the country. I started the finance desk with a partner

3 years ago. We have been growing substantially. We have just hired a bunch of new folks. We have seven people on our team now up from three this time last year. We continue to grow and hire and bring in new origination and execution experts for the debt and equity advisory and placement desk.

Keys to success: Dedication and really enjoying what you do.

Person you admire most (outside of the family): Richard Branson.

If you had to choose a different profession, what would it be? General manager of the Montreal Canadians.

Company: Commercial Mortgage Capital

Location: Livingston, NJ

Place of birth: Redding, Connecticut

Family: Wife Marjory, two daughters – 17 & 13 year olds

College: Undergrad: U. of Connecticut (School of Real Estate). Grad School: Perdue

Univ. (Krannert School of Business)

First job unrelated to your current field: Cutting lawns; lots of lawns!

First job in your current field: Chase Manhattan Bank Commercial Real Estate (1994 to 1987)

What your firm does now and its plans for the future? Correspondent commercial mortgage banking. Developing financing solutions for our customers.

Hobbies: Show water skiing and snow skiing.

Favorite film: “Argo”

Favorite novel: Really who has time?!?

Keys to success: Living one day at a time.

Person you admire most (outside of the family): Matthew Galligan, head of real estate lending, CIT Group.

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