Latest news with #realestatefinance
Yahoo
8 hours ago
- Business
- Yahoo
SitusAMC Appoints Peter Pasqua as Head of CRE Asset Management
NEW YORK, Aug. 11, 2025 /PRNewswire/ -- SitusAMC, a leading provider of innovative, trusted solutions supporting the lifecycle of real estate finance, today announced the appointment of Peter Pasqua as Senior Director, Head of Asset Management within the company's Commercial Real Estate (CRE) Servicing & Asset Management division, effective July 28, 2025. In this role, Mr. Pasqua will oversee the firm's asset management vertical, helping to evolve and enhance the platform's capabilities to better serve clients across the commercial real estate landscape. Mr. Pasqua will report to Amanda Dugat, Managing Director, Head of Servicing & Asset Management. Mr. Pasqua joined SitusAMC in 2023 as part of the company's CRE Technology Enablement Team (CRETET), where he was instrumental in advancing key initiatives for the firm's servicing and asset management technologies, helping streamline processes, enhance execution, and deliver greater value to clients. "We're thrilled to welcome Peter into this leadership position," said Ms. Dugat. "Peter's deep expertise and strategic vision make him an exceptional fit to lead our Asset Management platform. His experience, perspective, and technology-driven approach will be invaluable as we continue to strengthen our offerings and deliver best-in-class service to our clients." "I'm honored to step into this new role and excited to help advance SitusAMC's asset management capabilities," said Mr. Pasqua. "I have seen first-hand the strength of the platform, the talent of our people, and the partnerships with our clients. I look forward to contributing to our continued growth and innovation on behalf of our clients." About Peter Pasqua Mr. Pasqua brings over 25 years of experience in commercial real estate. Prior to SitusAMC, Mr. Pasqua managed a $1 billion portfolio for a Dallas-based family office. In that capacity, he was responsible for P&L oversight, investor relations, refinancing, and development initiatives. His leadership achievements include the successful repositioning of a mixed-use asset in Georgia, as well as operational improvements across a hospitality portfolio through targeted reporting and management enhancements. Mr. Pasqua also brings deep expertise in complex deal structuring, including investment vehicles, loan agreements, management contracts, and franchise arrangements. Previously, as Managing Director and Co-Head of Asset Management at Mosaic Real Estate Investors, Mr. Pasqua was recruited by industry pioneers Ethan Penner and Vicky Schiff to help build and institutionalize the asset management platform for a private credit portfolio focused on high-yield debt and preferred equity. His earlier career included leadership roles at major financial institutions including Crédit Agricole CIB, Alvarez & Marsal, and Portigon AG / WestLB AG. Mr. Pasqua holds a Juris Doctor from Hofstra University's Maurice A. Deane School of Law and a Bachelor of Arts from New York University. About SitusAMC Servicing & Asset Management SitusAMC is a premier provider of commercial real estate (CRE) loan servicing and asset management, supporting a portfolio exceeding $459 billion in unpaid principal balance. Backed by a team of over 600 experienced professionals, we specialize in a full spectrum of loan structures—from straightforward to highly complex—including CMBS, CLO, and warehouse loans. The team's expertise spans diverse asset classes such as office, multifamily, industrial, hospitality, and mixed-use properties. SitusAMC's servicing and asset management team serves as the trusted partner to more than 100 of the most prominent organizations in commercial real estate, including top banks and credit unions, life insurance companies, global asset managers, private equity firms, REITs (both public and private), and warehouse lenders. Our client-centric, tailored approach ensures every portfolio receives the highest level of service and oversight—reinforcing SitusAMC's reputation as a reliable, strategic ally in CRE finance. To inquire about our Servicing & Asset Management offering, visit our website or contact: Peter PasquaSenior Director, Head of Asset Managementpeterpasqua@ About SitusAMC SitusAMC is a leading independent provider of strategic outsourcing, advisory, talent, and technology solutions to the commercial and residential real estate finance industries. The company helps clients identify and capture opportunities in their real estate businesses through industry-leading solutions that drive operational efficiency, increase business effectiveness, and improve market agility across the entire lifecycle of their global real estate activity. For more information visit Press Contact:Andy GarrettHead of Marketing & Communicationsandygarrett@ View original content: SOURCE SitusAMC
Zawya
3 days ago
- Business
- Zawya
SRC signs portfolio acquisition deal with Arab National Bank
Saudi Real Estate Refinance Company (SRC), a PIF company, has signed a new agreement with Arab National Bank to acquire a real estate finance portfolio. The agreement was signed in the presence of Majid bin Abdullah Al-Hogail, Minister of Municipalities and Housing and Chairman of the Board of the Saudi Real Estate Refinance Company, and Eng Salah Rashid Al-Rashed, Chairman of the Board of Arab National Bank. The agreement marks an extension of the strategic partnership between the two parties and reaffirms their shared commitment to supporting the growth and sustainability of the real estate finance market in the kingdom, said a statement. It aims to enhance liquidity for lenders and enables home ownership among citizens through advanced financing solutions that align with the objectives of the Housing Program under Saudi Vision 2030, contributing to the target of achieving 70% home ownership. Majeed Fahd Al-Abduljabbar, CEO of the Saudi Real Estate Refinance Company, said the agreement reflects the shared vision with Arab National Bank to enable home ownership among citizens by establishing a more efficient and sustainable secondary real estate finance market. It aligns with the ambitions of the coming phase and enhances the sector's appeal to both local and international investors. Obaid bin Abdullah Al-Rasheed, CEO of Arab National Bank, stated that the partnership with the Saudi Real Estate Refinance Company is a strategic step within the bank's ongoing efforts to provide innovative financing solutions that drive market growth and sustainability. He expressed confidence that this collaboration will contribute to establishing a strong and effective real estate market built on efficiency and trust. The agreement comes as part of a series of initiatives led by the Ministry of Municipalities and Housing to enhance citizen empowerment and build an integrated, stable financing environment that advances the Kingdom toward achieving both housing and economic objectives. SRC was established by the Public Investment Fund (PIF) in 2017 to develop Saudi Arabia's real estate finance market. It operates under a licence from the Saudi Central Bank (SAMA) to facilitate real estate refinancing. SRC plays a key role in achieving the objectives of the Housing Program under Saudi Vision 2030, which aims to increase homeownership rates among Saudi citizens. The company supports this goal by providing liquidity to lenders, enabling them to offer affordable real estate finance to individuals. Additionally, SRC works closely with partners to strengthen Saudi Arabia's housing ecosystem, said the statement. Copyright 2025 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Zawya
24-06-2025
- Business
- Zawya
Egypt: GlobalCorp secures $82mln in bank financing through deals with 14 banks
Egypt - GlobalCorp Real Estate Finance (Ollin), a subsidiary of GlobalCorp Financial Group, has signed cooperation agreements with 14 banks, securing nearly EGP 4.2bn in financing over the past year. The funding enhances the company's capacity to meet rising demand in Egypt's real estate finance market and strengthens its financial position. In parallel, the company contributed EGP 3m to the capital of the Egyptian Real Estate Refinancing Company (ERERC), enabling it to unlock an additional EGP 900m in financing. This move aligns with GlobalCorp's broader strategy to diversify its funding sources and solidify its market standing. In a statement, the company announced the launch of a comprehensive development strategy built on five core pillars. These include revising operational and credit policies to better align with market needs, streamlining processes for greater efficiency, clearly defining organizational responsibilities, and implementing a modern corporate structure to enhance institutional performance. The results have already materialized in strong financial indicators: GlobalCorp's real estate finance portfolio reached EGP 3.8bn during its first year of operations, and the company has served over 1,850 clients to date. It also raised its capital by EGP 75m, bringing total paid-up capital to EGP 325m. 'These results confirm that sustainable leadership is built through investment in technology, human capital, and strategic partnerships,' said Hatem Samir, Co-Founder and CEO of GlobalCorp Financial Group. He added that the company is preparing for its first real estate securitization transaction, a key milestone in its funding diversification strategy. Mohamed Abdel-Wahab, CEO of GlobalCorp Real Estate Finance, noted that the company is executing a clear, structured plan to expand its real estate finance portfolio and enhance funding capacity through strategic collaboration with banks and financial institutions. 'Our achievements in just one year reflect a serious commitment to sustainable growth. Diversifying funding and investment channels is essential to maintaining financial stability and responding effectively to the increasing demand for real estate financing,' Abdel-Wahab said. He also highlighted the company's investment in a specialized, integrated technology system to manage real estate financing operations. The platform ensures data accuracy, accelerates transaction processing, and advances the company's full digital transformation agenda. 'We've delivered tangible results in a short period thanks to institutional cohesion and a well-defined growth roadmap,' Abdel-Wahab concluded. 'Our focus remains on smart growth through technology and partnerships to drive long-term value for our clients and the market.'
