Why California Real Estate Works in Every Inning

Felsot: “As the world’s sixth-largest economy, California comprises many types of diverse and thriving industries generating numerous jobs for a lot of people, fueling the continued need for housing, retail, industrial and office development.”

NEWPORT BEACH, CA—JPMorgan Chase is reinforcing its dedication to California, planning to expand into new locations here and add to its origination team in Orange County, Los Angeles and San Francisco, Matt Felsot tells GlobeSt.com. Felsot was recently promoted to market manager for the firm’s California real estate banking business to lead that group’s strategic efforts in California, working with top-tier real estate developers, investors and operating companies on their financing needs including term debt, repositioning and construction loans, revolving lines of credit and subscriptions facilities. He will also be responsible for expanding the business and hiring top talent.

Felsot has 19 years of commercial real estate finance experience and has held a variety of positions in the industry, including regional sales manager roles in multifamily lending and head of real estate owned in the Western US. He was recently appointed head of owner-occupied real estate, a joint venture between commercial real estate and the firm’s middle-market banking business.

We spoke exclusively with Felsot about his goals in his new position and some of the challenges and opportunities he’s noticing n the California real estate financing market.