Yet, in that challenging environment, his group closed more than $150 million in transactions. Newman Financial Services is a division of GMAC Commercial Holding Capital Corp. and does deals across the country. "We closed transactions for both existing clients, as well as six new clients," Rollins tells GlobeSt.com. "These transactions included bridge loans, mezzanine loans and A/B structured loans on multifamily properties, retail centers, affordable housing properties, tax-exempt bonds and commercial office buildings."
It also provides mezzanine loans behind Fannie Mae, Freddie Mac and HUD, secured equity loans, land loans, standard and participating mezzanine loans, credit enhancements, as well as A/B or high-leverage first trust loans, which he says "provides true one-stop shopping."
This year, Rollins tells GlobeSt.com, that he expects to originate more than $200 million of new loans, with both existing and new clients. "We have worked hard to define our market niche as a boutique real estate bank, focusing on opportunistic transactions," he tells GlobeSt.com.
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