LONDON—Situs, a global provider of commercialreal estate (CRE) advisory services and integrated process andtechnology solutions, has appointed of Fernando SalazarLacalle as managing director and country head of thefirm's new office in Madrid.
Reporting directly to Bruce Nelson, chiefoperating officer, Salazar will be responsible for the expansion ofall of Situs' business lines into Spain and the surroundingSouthern European market, including loanservicing, special servicing non-performing debt refinancing, andadvisory.
Situs' Southern European expansion follows a strong demand forCRE loan servicing and debt advisory services in Spain as a resultof increased activity in the region from international investors.In July, 2014, Situs announced a joint venture with debt collectiongroup Lindorff to service Spain's non-performingdebt market in order to best meet the underwriting, due diligenceand loan advisory needs in all debt classes including CRE, consumerdebt, residential mortgages, and small and medium enterprises(SME).
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
