Jonathan Woodland, a senior analyst at the firm, tells GlobeSt.com that Newport Realty has placed $90 million in loans on commercial properties through July and expects to fund a total of $200 million by the end of the year. Although the transactions thus far this year have all been debt, he says, the company provides both debt and equity for all product types and all sizes of deals.
Fowler, a 20-year veteran of the industry, formed the James M. Fowler Co. in 2001 and operated it under that name until the recent addition of Duntley, who has more than five years in the commercial property finance industry. The two combined have placed more than $1.8 billion in financing over their careers.
Woodland tells GlobeSt.com that Newport Realty finances retail, office, industrial, and apartment deals and the company has also completed specialty transactions such as golf courses and marinas. The firm's capital sources include a variety of institutions and high-net-worth individuals. Its clients tend to be Southern California-based, Woodland says, but the properties are located throughout the country.
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