"This new initiative will significantly strengthen CBRE'sCapital Markets platform," notes Ron Halpern, managing director ofCBRE's Multihousing Group in a prepared statement, adding that itwill enable the company "to offer our clients the full range ofHUD/FHA-insured mortgages for new construction, substantialrehabilitation, refinancing or acquisition loans on apartments,senior housing and health care facilities."

Halpern, nor his colleagues were able to be reached by deadlineto provide further details regarding the new lending initiative,however a spokesperson for CBRE tells GlobeSt.com that thisinitiative has been in the works for sometime. "CBRE realized thatthere was a need to expand in late 2006 when we hired [Peter]Donovan and Ron [Halpern]," the spokesperson explains. Halpern, a30-year veteran of the financial services and multihousingindustries, will continue to assist in the oversight of theday-to-day operations of CBRE's Multihousing Group while alsospearheading the company's HUD/FHA initiative. He will based in theBoston office and will be joined in this endeavor by two recentadditions to the CBRE team: industry veterans Jayne Hulbert, whowill be based in the San Francisco office and Thom Cooley out ofAtlanta.

In their new roles, Hulbert will focus on leading the productionefforts of CBRE's HUD/FHA initiative while Cooley will serve as thechief underwriter for FHA and will be assisting in the expansion ofthis new capability.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Natalie Dolce

Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.