LOS ANGELES-Five Southern California mortgage professionals have purchased a 50% interest in Newmark Realty Capital Inc., and have launched Southern California operations for the San Francisco-based commercial mortgage banking and investment firm.The Newmark principals, who will operate from office in Los Angeles and Irvine, are Peter G. Welsh, Mark C. Ritchie, George H. Mitsanas, G. Thomas Dudley, Jr. and Braden C.Turnbull, all of whom previously held senior executive positions at Churchill Mortgage Corp.Welsh was formerly EVP at Churchill Mortgage, having worked for the company for 19 years. He previously ran Union Bank’s Orange County mortgage investment department.Ritchie served as SVP of Los Angeles-based Churchill, which he joined in 1988. He is past president of the UCLA Real Estate Alumni Group and currently serves as a Ziman Associate at the Richard S. Ziman Center For Real Estate at The UCLA Anderson School of Management.Mitsanas was an SVP at Churchill for more than 14 years. He is a CPA who previously worked at the Big Six accounting firm Deloitte & Touche. Dudley has more than 20 years of experience in mortgage banking, the last four as SVP with Churchill. He’s active in the Urban Land Institute (ULI) and the National Association of Industrial and Office Parks (NAIOP). Turnbull worked for Union Bank’s Real Estate Industry group for six years before joining Churchill Mortgage in 1997. At Churchill, he was a VP and investment officer.Newmark is a full-service commercial real estate mortgage banking firm with major relationships with institutional lenders. It was established in 1991 and maintains a servicing portfolio exceeding $1.2 billion.

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