Broadrange Logistics has concentrated its efforts on its warehousing, distribution and reverse logistics capabilities.

"No one should be lending for 30 years in most of Florida," warns Spencer Glendon, a senior fellow at the Woods Hole Research Center and a former partner and director of investment research at Wellington Management.

The Ira Group's target market includes individuals with past lending experience, as well as newcomers to commercial real estate lending. The new company will be engaged in opportunities extending across a full spectrum of risk and return.