Source: Real Estate Finance & Investment

Mission Capital Advisors has hired Jonathan More from Ackman-Ziff Real Estate Group as part of a push to expand its debt and equity team in New York.


Sep 19, 2013 – Danielle Kane

Mission Capital Plans Staffing

Buildup

Read More: Mission Capital Advisors · Jonathan More · Jordan Ray

Mission Capital Advisors has hired Jonathan More from Ackman-Ziff Real Estate Group as part of a push to expand its debt and equity team in New York. “I always ask my clients and friends ‘Who should we be targeting? Who’s up-and-coming in the market?’ and Jon’s name came up constantly,” said Jordan Ray, head of the debt and equities team. More has completed more than $2 billion of transactions throughout his career. He specializes in office, retail and residential financing. “He’s a very smart advisor with an unbelievable rolodex,” Ray said.
The firm is planning to make two to three additional hires in the New York region over the next six to 12 months and will add heads in other offices as well. “Right now our team is at
11 and within the next year we want to be at least double that,” Ray said.
In addition to New York, the company also targets deals in South Florida, Washington D.C., Chicago and the Midwest and various markets on the West Coast. Gregg Applefield, who joined Mission Capital’s debt and equity team in June, will be moving to the firm’s Newport Beach office by year end and will be looking to hire one to two new associates. Ultimately, the company wants to open offices in Los Angeles, Washington D.C., and Chicago.
After the downturn, Mission Capital focused on loan sales, but gradually has increased its debt and equity work. The firm is on track to do roughly $3 billion of debt and equity deals this year–a huge jump from its numbers in recent years– which Ray credits to a substantial increase in market liquidity. The firm closed $750 million of transactions in 2012 and $500 million in 2011.

Most recently, Mission Capital arranged a $128.5 million loan for two Miami luxury condominiums on behalf of Property Markets Group and JDS Development. The deal included a $106 million loan to develop a 190-unit property called Echo Aventura and a

$22.5 million land loan to develop Echo Brickell, a 166-unit property.

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Source: Mortgage Observer Weekly

Mission Capital Advisors is continuing to grow its debt and equity finance group with the addition of Jonathan More, who has joined as director.


September 20, 2013

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Source: Real Estate Finance Intelligence

Mission Capital Advisors has hired Jonathan More from Ackman-Ziff Real Estate Group as part of a push to expand its debt and equity team in New York.

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VOL. XIX,NO.38 / September 23, 2013

The Definitive Source on CommercialProperty Sales,Financing andInvestment

Real Estate Finance & Investment

The weekly issue from Real Estate Finance Intelligence

–www.realestatefinanceintel llgence.com —————-·

Mission Capital Plans

Staffing Buildup

Mission Capital Advisors has hired Jonathan More from AckmanZi ff Real Estate Group as part of a push to expand its debt and equity team In New York."I always ask my clients and friends 'Who should we be targeting? Who's upand-coming In the market?' and Jon's name came up constantly," sald Jordan Ray, head of the debt and equities team.
More has completed more than 52 bllion of transacdons throughout
his career. He specializes in office, retail and resldential financing. "He's a very smart advisor with an unbelievable rolodex,Ray said.
The firm is planning to make two to three additional hires In the New York region (Yt{er the next six to 12 months and will add heads in other offices as well. "Right now our team Is at 11 and within the next year we want to be at least double that," Ray said.
In addition to New York, the company also targets deals in
South Aorida, Washington D.C., Chicago and the Midwest and various markets on the West Coast. Gregg Applefleld, who joined Mission Capital's debt and equity team in June, will be moving to the firm's Newport Beach office by year end and will be looking to hire one to two new associates. Ultimately, the company wants to open offices in los Angeles, Washington D.C., and Chicago.
Arter the downturn, Mission Capital focused on loan sales, but
gradually has increased its debt and equity work. The firm Is on track to do roughly $3 billion or debt and equity deals this year-a huge jump from Its numbersin recent yearswhich Ray credits to a
substantialincrease In matket llquldity.The firm closed 5750 million of transactions in 2012 and $500 millionin 2011.
Most recently,Mission Capital arranged a $128.5 million loan for
two Miamiluxury condominiums on behalf of Property Markets Group and JDS Development. The deal included a $106 million loan to develop a 190-unit property called Echo Aventura.

Download icon PDF File 82.68 KB Download

JDS Development is seeking a $452 million loan for the development of a two-tower, 766-unit, 874,000-square-foot luxury rental apartment community located along the East River between East 35th and East 36th streets in Manhattan. JDS Development’s exclusive advisor, Mission Capital Advisors, is soliciting lenders to either underwrite the entire loan or to lead a syndicate of participants.

Media Contact: John Yocca jyocca@beckermanpr.com
201-­‐465-­‐8018

JDS Development Seeks Construction Loan on 626 First Ave. Multifamily Project

NEW YORK – (Sept. 5, 2013) – JDS Development is seeking a $452 million loan for the development of a two-­‐

tower, 766-­‐unit, 874,00-­‐square-­‐foot luxury rental apartment community located along the East River between East
35th and East 36th streets in Manhattan.

JDS Development’s exclusive advisor, Mission Capital Advisors, is soliciting lenders to either underwrite the entire
loan or to lead a syndicate of participants.

JDS closed on the site in February 2013. JDS has since assembled and fully entitled the rare, 45,190-­‐square-­‐foot
site that allows for more light and air than typical New York City apartment buildings. 626 First Avenue will feature view corridors in all directions, incorporating views of the East River, the United Nations Building, the Empire State Building and One World Trade Center.

The super luxury project will feature an amenity package superior to most luxury rental developments, with more than 30,000 square feet of lobby and amenity space. The building will be designed by SHoP Architects, the firm which designed/is designing Barclays Center, the Domino Sugar Refinery and the B2 BKLYN residential towers in Brooklyn.

The site, which will have 20 percent inclusionary housing, will receive a 20-­‐year 421a tax abatement.

The loan-­‐to-­‐cost ratio would be about 75 percent, which places the total development cost at approximately $600
million. Upon stabilization, JDS projects a debt yield of approximately 10 percent at the full ask.

JDS’s recent notable development projects include Walker Tower (210 West 18th Street), 107 West 57th Street,
435 West 50th Street, 202 8th Street and 50 North 1st Street in New York City, and Echo Aventura, 95th on the Ocean and Echo Brickell in South Florida.

“626 First Avenue is a best-­‐in-­‐class waterfront, multifamily project with panoramic views, excellent Sponsorship and Class A amenities in Manhattan,” Mission Capital Managing Director Jordan Ray said. “The lender will have excellent security at a very low basis while deploying capital to develop a highly desired product type in the most supply constrained market in the world.”

About Mission Capital Advisors

Founded in 2002, Mission Capital Advisors, LLC is a leading national, diversified real estate capital markets solutions firm with offices in New York City, Florida, Texas, California and Mobile, AL. The firm delivers value to its clients through an integrated platform of advisory and transaction management services across commercial and residential loan sales; debt, mezzanine and JV equity placement; and loan portfolio valuation. Since its inception, Mission Capital has advised a variety of leading financial institutions and real estate investors on more than $45 billion of loan sale and financing transactions, as well as in excess of $14 billion of Fannie Mae and Freddie Mac transactions, positioning the firm strongly to provide unmatched loan portfolio valuation services for both commercial and residential assets.

Mission Capital’s seasoned team of industry-­‐leading professionals is committed to achieving clients’ business objectives while maintaining the highest levels of integrity and trust. For more information, visit www.www.missioncap.com.

Download icon PDF File 79.83 KB Download

Mission Capital Advisors, a leading national real estate capital markets solutions firm, today announced the hiring of top finance broker, Jonathan More, to further the growth of Mission’s rapidly expanding Debt & Equity Finance platform.

Media Contact: John Yocca jyocca@beckermanpr.com
201-­‐465-­‐8018

Mission Capital Advisors Continues Strategic Growth of Debt & Equity Finance Group With Hiring of Top New York Finance Broker Jonathan More

NEW YORK – (Sept. 11, 2013) — Mission Capital Advisors, a leading national real estate capital markets solutions firm, today announced the hiring of top finance broker, Jonathan More, to further the growth of Mission’s rapidly expanding Debt & Equity Finance platform.

More joins Mission Capital as a director and will be responsible for originating, underwriting and structuring commercial real estate transactions nationwide on behalf of owner-­‐operators, private equity firms, developers and family offices. Prior to joining Mission Capital, More served on the origination and execution teams for Ackman-­‐Ziff Real Estate Group, where he specialized in office, retail and residential financing, as well as loan sale advisory. He has led the structuring and completion of approximately $2 billion of closed debt, mezzanine, preferred equity, joint-­‐venture equity and loan sale transactions throughout his career.

In his new role, More will report to Mission Principal David Tobin and Managing Director Jordan Ray, who heads
the firm’s Debt & Equity Finance Group.

"The aggressive expansion of our Debt & Equity Finance Group continues to be well supported by our ability to attract the industry’s top talent, whose skills sets are strongly aligned with the needs of our clients,” Tobin said. "We are confident that Jonathan's deep market knowledge and industry relationships, as well as his creative and diligent service approach, will contribute to his role as a valuable member of our team as we look to build on our success in this critical growth area of our business.”

“Mission and its leadership have demonstrated an unwavering commitment to growing its Debt & Equity Financing business line, and I’m keen on working alongside these rising industry stars going forward,” More said. “The firm has tremendous momentum in positioning itself as one of the best-­‐in-­‐class capital advisory firms in the industry, and I’m looking forward to building upon that reputation.”

More, 32, received a B.A. in economics from the University of Michigan, and an M.B.A from Columbia Business School, where he placed first overall in the Bodini Competition for Real Estate Investment & Entrepreneurship. He is licensed as a real estate broker in the state of New York.

About Mission Capital Advisors

Founded in 2002, Mission Capital Advisors, LLC is a leading national, diversified real estate capital markets solutions firm with offices in New York City, Florida, Texas, California and Mobile, Al. The firm delivers value to its clients through an integrated platform of advisory and transaction management services across commercial and residential loan sales; debt, mezzanine and JV equity placement; and loan portfolio valuation. Since its inception, Mission Capital has advised a variety of leading financial institutions and real estate investors on more than $45 billion of loan sale and financing transactions, as well as in excess of $14 billion of Fannie Mae and Freddie Mac transactions, positioning the firm strongly to provide unmatched loan portfolio valuation services for both commercial and residential assets. Mission Capital’s seasoned team of industry-­‐leading professionals is committed to achieving clients’ business objectives while maintaining the highest levels of integrity and trust. For more information, visit www.www.missioncap.com.

Download icon PDF File 89.75 KB Download

Debt & Equity Finance Group Secures $106 Million Construction Loan for Echo Aventura Condo Project and $22.5 Million Land Loan for Echo Brickell Condo Development.

Media Contact: John Yocca jyocca@beckermanpr.com
201-­‐465-­‐8018

Mission Capital Advisors Arranges $128.5 Million in Financing For Two Florida Condominium Projects on Behalf of Joint Venture Partnership

Debt & Equity Finance Group Secures $106 Million Construction Loan For Echo Aventura Condo Project and $22.5 Million Land Loan For Echo Brickell Condo Development

MIAMI -­‐ (Sept. 4, 2013) — Mission Capital Advisors, a leading national real estate capital markets solutions firm, today announced that its Debt & Equity Finance Group has arranged a total of $128.5 million in financing for two Florida condominium projects on behalf of a joint venture partnership of Property Markets Group and JDS Development.

The transactions include a $106 million construction loan to complete development of Echo Aventura, a 190-­‐unit
luxury condominium high-­‐rise located at 3250 NE 188th Street in Aventura.

Additionally, Mission Capital secured a $22.5-­‐million, nearly 75-­‐percent-­‐loan-­‐to-­‐cost land loan on behalf of the
partnership that will allow for the development of Echo Brickell, a 166-­‐unit luxury condominium high-­‐rise that will
be constructed at 1451 Brickell Avenue on the Miami waterfront.

Managing Director Jordan Ray, Managing Director Jason Cohen and Director Ari Hirt led the Mission Capital team
representing the JV partnership.

“Despite seeing a resurgence in the Florida condo market, it can still be difficult for a developer to secure a land loan or a construction loan, as lenders continue to tread lightly,” Ray said. “We are very pleased to have been able arrange financing on the earlier side of the development cycle for both projects.”

Designed by world-­‐renowned architect Carlos Ott, Echo Aventura is being developed on five acres along the
Aventura waterfront.

The $200 million project, which is nearly 60 percent pre-­‐sold, is being developed using buyers’ deposits to help fund part of the construction costs. Property Markets Group and JDS Development collected 20 percent of the purchase price of residences when contracts were signed and another 20 percent at groundbreaking. Buyers will provide another 20 percent upon the topping-­‐off of the building.

“The construction loan for Echo Aventura was for approximately 50 percent of the total development costs, and required the borrower to retain only five percent cash equity — a rarity in this day and age, when traditional banks want to see developers have significant equity in a project,” Ray noted. “While a traditional bank would give credit only for deposits on hand, in this case, the lender was willing to give credit for deposits that will be received in the future. The borrower was extremely satisfied with the lender’s flexibility in providing this unorthodox and high-­‐ leverage financing.”

The land on which Echo Brickell will be developed includes 273,000 net salable square feet of buildable space. Also
designed by Ott, the condominium building will be 55 stories and will offer views of Biscayne Bay, the Atlantic Ocean and the Miami skyline.


Both Echo Aventura and Echo Brickell will feature high-­‐end amenities such as limited edition interiors, state-­‐of-­‐the-­‐ art gym and spa areas, infinity-­‐edge pools with resort-­‐style poolside service and 24-­‐hour concierge services. Residents of both buildings will enjoy cutting-­‐edge luxury components such as a smart home technology
experience with integrated audio, video and lighting systems controlled by Apple devices; a contemporary lighting package that includes recessed lighting, dimmers and lighting control; custom Italian cabinetry, built-­‐in SubZero/Wolf appliances and stone countertops; and flooring, paint and finishing work recommended from Ott.
Mission Capital has been exclusively engaged to seek construction financing for Property Markets Group and JDS Development when Echo Brickell is shovel-­‐ready.

About Mission Capital Advisors

Founded in 2002, Mission Capital Advisors, LLC is a leading national, diversified real estate capital markets solutions firm with offices in New York City, Florida, Texas, California and Mobile, AL. The firm delivers value to its clients through an integrated platform of advisory and transaction management services across commercial and residential loan sales; debt, mezzanine and JV equity placement; and loan portfolio valuation. Since its inception, Mission Capital has advised a variety of leading financial institutions and real estate investors on more than $45 billion of loan sale and financing transactions, as well as in excess of $14 billion of Fannie Mae and Freddie Mac transactions, positioning the firm strongly to provide unmatched loan portfolio valuation services for both commercial and residential assets.
Mission Capital’s seasoned team of industry-­‐leading professionals is committed to achieving clients’ business objectives while maintaining the highest levels of integrity and trust. For more information, visit www.www.missioncap.com.

Download icon PDF File 104.69 KB Download
Source: Real Estate Weekly

Mission Capital Advisors announced that its Debt & Equity Finance Group has arranged a total of $128.5 million in financing for two Florida condominium projects on behalf of a joint venture partnership of Property Markets Group and JDS Development.

Visit External Link
Source: National Real Estate Investor

Mission Capital Advisors, a leading national real estate capital markets solutions firm, today announced the hiring of top finance broker, Jonathan More, to further the growth of Mission’s rapidly expanding Debt & Equity Finance platform.

Visit External Link
Source: Real Estate Alert

Jonathan More has joined Mission Capital as a director.

ALERT

THE WEEKLY UPDATE ON THE

INSnnJTIONAL MARKETPlACE

_se..:op_te.;..m_b_e_r_l_l,.;.._20_1_3

—4[ RealEst.ateJ -o—————1-6

AI.ERT

THE GRAPEVINE

"'From Page 1

Atlantic and Southeast regions. He also oversaw asset managing in the Wash­ ington area.His plans are unknown. Deluca had been at New Yorkbased

sible for the firm's overall operations, reporting to president Jeff Damavandl. Panich most recently was a principal

at Beverly Hills-based Wilshire Capital

CBRE Global Investors has reopened the bidding process. The 221-unit property, at 800 Madison Street in Hoboken, has an estimated value of about 5125 mil­ lion, or $566,000/unit. The buzz is that broker CUshman & Wak.Bfield lined up

an unidenti1ied buyer, but the deal hit

an unspecified snag. While that transac­ tion evidently might still be completed, CBRE has asked HFF to come up with alternative bids.

CUshman & Wakefield's senior apartment broker in Denver, Pat Stucker,left two weeks ago.His plans are unclear. Stucker, who was an executive director,helped form

Cushman's Denver apartment team in
2006.The brokerage has several junior
staffers in Denver, but is likely to hunt
for a replacement to lead the team.
Longtime Clarion Partners acquisitions executive Marc Del uca left last month. As a managing director in Washington, he focused on acquisitions in the Mid-
Clarion for nearly 16 years.

Jonllthan More has joined Mission Capital as a director.He will line up equity and debt for the brokers clients, particularly developers,owneroperators and private equity shops. More previously worked

at Aclunlll..zlfl Real Estate,where he focused on capital raising and loan sales. He reports to Mission principal David Tobin and managing director Jonlln Ray, who heads the debt and equity finance group.

Artemis Real Estate wants to hire a prin­ cipal to help raise capital. Candidates should have at least 10 years of experi­ ence. preferably in soliciting capital
for real estate vehicles. The recruit would report directly to chief executive Deborah Harmon and could be based in Washington or New York.
Michael Panlch joined Dylan Investment Properties of Los Angeles last month as executive vice president He's respon-

Investments. Dylan invests in mixed­

use, multifamily, medical-office and

retail properties. Executive search fum Rm Associates recruited Panich for Dylan.

Fund shop Singerman Real Estate has hired a head of asset management Joseph Concepcion joined the Chicago firm last week to manage individual properties and work with the acquisi­ tions staff to underwrite potential deals. He previously spent more than 15 years at Pnrtrnark Real Estate of Chicago, leaving as a managing director focused on asset management. Concepcion reports to managing principal Seth Singerman, a former GEM Realty capital executive who launched his own shop

in 2009.

cassldy Turley has an opening for an analyst in San Francisco.Candidates should have at least three years of expe­ rience and a bachelor's degree. prefer­ ably in finance or business.

Download icon PDF File 273.79 KB Download
Source: National Real Estate Investor

Mission Capital Advisors, a leading national real estate capital markets solutions firm, today announced that its Debt & Equity Finance Group has arranged a total of $128.5 million in financing for two Florida condominium projects on behalf of a joint venture partnership of Property Markets Group and JDS Development.

Visit External Link