As part of a strategic plan to grow its Florida presence and expand its Southeastern U.S. coverage capability, Mission Capital Advisors announced a significant new hire and the relocation of one of its top executives.

Media Contact: Ryan Smith



Mission Capital Expands Southeastern U.S. Presence With Two

Additions to Florida Office

Terry Strongin Joins Firm as Director, While Director Rob Beyer Relocates from NYC

PALM BEACH GARDENS, Fla. (April 29, 2015) — As part of a strategic plan to grow its Florida presence and expand its Southeastern U.S. coverage capability, leading real estate capital markets solutions firm Mission Capital Advisors today announced a significant new hire and the relocation of one of its top executives.

A veteran of the commercial real estate and securities industries, Terry Strongin joins Mission Capital’s Palm Beach Gardens office as a Director in the Debt and Equity Finance Group.

Additionally, Rob Beyer, also a Director in Mission Capital’s Debt and Equity Finance Group, will relocate to the Palm Beach Gardens office from the company’s headquarters in New York City.

Since establishing a presence in Florida, Mission Capital has proved to be one of the Southeast’s most active arrangers of real estate debt and equity. Since 2010, the firm has arranged 12 deals in the Southeast, with a total value of approximately $550 million.

Noteworthy financings arranged by Mission Capital in Florida include the $16.75-million first-mortgage financing of Doral Court, a 209,075-square-foot office building in Doral; the $21-million refinancing of the Freehand Miami, a 256-bed, upscale boutique hotel located in Miami Beach; the $19.2-million construction financing of Sage Beach, a 24- unit luxury oceanfront condominium development in Hollywood; the $106-million construction financing of Echo Aventura, a 190-unit luxury condominium high-rise in Aventura; the $10-million acquisition financing for Hotel 18, a 45-key hotel in Miami Beach; the $38.5-million renovation financing of Garden South Beach, a 133-key, full- service hotel in Miami Beach; and the $22.5-million financing of a land loan for Echo Brickell, a 166-unit luxury condominium high-rise in Miami.

“The Southeastern U.S. is one of the regions that we’re strategically focused on. Aggressive expansion of our Debt & Equity Finance Group here is well supported by our ability to attract the market’s top talent and the strong economic activity and growth prospects,” Mission Capital Principal David Tobin stated. “As we work to expand our coverage of the region, we’ll continue to seek out talented commercial mortgage brokers with skill sets that are strongly aligned with the needs of our clients.”

In his new role, Strongin is responsible for sourcing, structuring and executing both debt and equity finance transactions nationwide. Additionally, he sources and executes commercial real estate investment sales transactions for the firm’s clients.
Prior to joining Mission Capital, Strongin headed the commercial lending group for a major real estate investment trust, and worked as a principal in boutique real estate investment and advisory companies. Career activities include commercial real estate lending, joint venture advisory, non-performing loan valuation and portfolio sales, equity syndication, commercial real estate brokerage, real estate development, and direct real estate investing. He has advised both private and institutional investors including major banks, top tier investment banks, FDIC, and large insurance companies and been directly responsible for negotiating, structuring, and closing over $500 million of real estate equity and debt transactions.
“Mission Capital has demonstrated its ability to execute transactions in Florida and a commitment to growing its Debt & Equity Financing business line in the state and the Southeastern region, and I’m excited to play a part in the expansion,” Strongin said. “I look forward to driving new businesses and cementing the firm’s key relationships in the region.”
In addition, Beyer, who is a graduate of the University of Miami, is relocating to a market with which he is extremely familiar. During his time at Mission Capital, where he is responsible for the origination, structuring and placement of debt, mezzanine and equity capital on behalf of real estate owners and developers, he has completed a number of significant deals. Examples include securing $37 million in financing on behalf of The Siegel Group, which operates flexible-stay apartment communities in Las Vegas known
as Siegel Suites and a highly structured shopping center refinance in the Midwest. He is also raising $30 million in construction financing and joint venture equity for the development of Union Village, a 125-bed skilled nursing facility and 40-bed long-term acute care hospital in Henderson, Nevada.
Prior to joining Mission Capital, Beyer worked for such prominent real estate firms as the Related Companies and a real estate investment bank in New York, where he consummated over $1 billion in equity and debt transactions for real estate companies throughout North America, Latin America and the Caribbean, with a particular focus on hotel assets.
“My time at Mission Capital has been extremely gratifying, and I’m very excited to relocate to Florida and serve as a leader of the firm’s effort to grow its footprint in this part of the country,” Beyer said. “I’m particularly interested in leveraging my experience in the hospitality and senior care sectors to help establish a pipeline of future projects in Florida, where we believe much opportunity exists.”

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, Alabama. 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

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Source: Mid Atlantic Real Estate Journal

Mission Capital Advisors arranged $41 million in acquisition and repositioning financing for 1110 American Parkway NE, a 563,000 sf, class A office building in the heart of Pennsylvania’s fast growing Lehigh Valley.

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Source: Commercial Real Estate Direct

Mission Capital Advisors has arranged a $50 million financing facility, from a foreign bank, for Columbia Pacific Advisors, allowing the Seattle investment manager to leverage its bridge-lending platform.

Friday, April 10, 2015

Mission Capital Arranges $50Mln of Financing for Bridge Lender

Mission Capital Advisors has ar- ranged a $50 million financing facili- ty, from a foreign bank, for Columbia Pacific Advisors, allowing the Seattle investment manager to leverage its bridge-lending platform.
The financing was a first for Mission, a New York company that is best known for its activity in the secondary loan-sales market. But it’s hoping to carve out a niche, helping other lenders line up innovative fi-
nancing instruments to leverage their businesses.
The company got into the
loan-placement business in 2011 as
a complement to its core operation.
So it has focused, like most other
loan-placement brokers, in arrang-
ing loans and equity investments for
client properties.
It did just that with Columbia
Pacific, helping arrange an invest-
ment for the company, with which
it developed its relationship. So
when Columbia Pacific sought to
line up some sort of financing for its
bridge-lending platform, it turned to
Columbia Pacific, which has some
$850 million of assets under man-
agement, invests on behalf of the
Baty family as well as a number of
family offices, institutions and high
net-worth individuals.
The Baty family’s patriarch, Daniel
R. Baty, previously was chairman of
Holiday Retirement Corp., which
was sold in 2007 to Fortress Invest- ment Group for some $6 billion.
In the real estate sector, Columbia Pacific operates a bridge-lending platform as well as a value-add equi- ty platform. It also operates a hedge fund and opportunistic-investment vehicle. Its bridge-lending platform, invested through Columbia Pacific Income Fund I LLP, has some $150 million of relatively short-term loans, many of which are secured by seniors housing. It raised a total of $153.1 million from investors as of the end
of March, according to a regulatory filing.
The fund holds loans on typical property types, such as office and retail properties, as well as non-con- ventional collateral, such as marinas and recreational-vehicle parks. That alone made lining up a credit facility challenging. It was compounded by the fact that Columbia Pacific’s loan portfolio is not homogeneous. Some of its lending involves so-called
“hard-money loans” – short-term debt with high coupons that often are originated to allow an investor to complete an acquisition in a very short time frame.
Mission evaluated a number of options for Columbia Pacific, from conventional warehouse lines, re- purchase agreements and corporate debt facilities. It ended up with a non-recourse financing facility with no warm-body carveouts, with an
unusual four-year term from a for- eign lender. Most financing facilities typically have three-year terms with potential extension options.
The financing facility gives Colum- bia Pacific the ability to continue to fund loans, effectively leveraging the equity capital it has raised. The facil- ity is secured by existing loans held by the fund and any new loans that are written, as long as they fit certain parameters.
“We were able to structure a fi- nancing facility with characteristics similar to a revolver,” explained Alex Draganiuk, a director at Mission’s debt and equity finance group. He said that the growing number of opportunistic investors that might have purchased loans through Mis- sion and now have shifted their focus to the short-term lending business could very well benefit from financ- ing facilities similar to the one that was lined up for Columbia Pacific.
A number of big lenders that in- clude Wells Fargo Bank and Citi- group provide warehouse facilities to many lenders, particularly those that rely on the CMBS market to recy- cle their capital. But few are willing to provide relatively small, flexible facilities, particularly to lenders spe- cializing in what could be considered non-conventional assets. That’s what Mission is hoping to take advantage of. “We can add value,” Draganiuk said.

Reprinted with permission from Commercial Real Estate Direct

Copyright ©2015

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